BRANFORD, Connecticut
| Asking Price |
$49,000 |
Year Established |
|
|
| Annual Revenue |
$0 |
Reason for Selling |
other business interest |
|
| Annual P/L |
$0 |
Attention |
Shawn Reilly |
|
| Annual Cash Flow |
$0 |
Listing Number |
1003158 |
|
| # of Employees |
|
Business Category |
Food & Beverage: Bars, Clubs, Nightspots |
|
Business Overview:
There is a Santa, this proves it!!!! Step into a storybook corner of downtown New Haven, an independently owned, multi-level restaurant space nestled in the heart of Yale’s busiest district, where foot traffic and neighborhood energy never stop. This rare 2,600 sq ft property once thrived as a beloved Italian café and now offers a turnkey canvas for a passionate operator to revive its charm and profitability. What makes it special: an open, inviting layout with 50 dining seats, 40 lounge/bar seats, a full-service bar, and an antique mahogany back bar that anchors the room with timeless character. Outdoors, an incredible 50-seat patio with a rear bar and limited alfresco seating out front draws students, faculty, residents, and visitors year-round. Over the past decade, the owners generated nearly $800,000 in gross revenue, proof of the location’s earning potential. The space shows its age in places—but that’s an opportunity. With a fresh concept, a cosmetic refresh, and the right operator, this property can quickly return to its former glory. Whether you imagine a lively pub, a modern café, a refined restaurant, or a reinvigorated Italian spot, the bones are exceptional, and the market is primed. Priced to attract an owner-operator ready to make an immediate impact, this is a rare downtown New Haven find. Don’t miss this chance to own a piece of Yale-area history and build something unforgettable—schedule a showing today.
Property Features and Assets:
<p>There has been a restaurant here for 5 decades, $5,800 NNN month rent, a very reasonable rent given its location, and a very attainable rent factor well below the 10% target<br></p>
Market Competition and Expansion:
<p>Competition: In downtown New Haven, in the heart of Yale, with incredible foot traffic.<br></p><p>Growth & Expansion: 1. Tap into catering for Yale, it’s a huge market. 2. Refresh and enhance cosmetically; a new look is needed 3. A name change and concept are in order 4. Bring the patio back to the gem it was 5. Proper marketing</p>
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity