Legendary Waterfront Restaurant
Ansonia, CT New Haven County
East Haven
Seller's Contact Information
- RE: Legendary Waterfront Restaurant
- Contact: Shawn C Reilly
Quick Facts
| Asking Price: | $149,000 | |
| Annual Revenue: | $750,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $65,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 350,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 733333937 | |
| Broker Reference #: | BEACH |
Business Overview:
New England food and drink in a comfortable, seaside atmosphere with incredible water views established for seventy years has been put on the market for a remarkable low asking price. This restaurant heaped in tradition with a large loyal customer base and an unbelievable low rent is a rare find especially given its location for this price. The restaurant has a lounge with full-service bar and offers entertainment on certain nights and a popular happy hour. Now is the time to act on this newly renovated restaurant for this kind of entry fee.
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Property Features and Assets:
3,800 striking square feet, only $2,750 per month base rent which is only $8.50 per square foot, 130 seats, brand new facelift, private room for parties, two splendid water view patios up and down, surrounded by upscale condos, established 1940, large customer email database, full popular bar with huge happy hour, open 7 days during summer and 6 days in the winter, established in 1940, ample dedicated parking lot, reasonable option to purchase real estate.
Market Competition and Expansion:
Growth/Expansion: More up to date marketing Location: To operate a restaurant of this caliber overlooking Long Island Sound for a price like this is not to be missed.
Reason for Selling:
Other business interests.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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