NEW HAVEN, Connecticut
| Asking Price |
$395,000 |
Year Established |
2000 |
|
| Annual Revenue |
$0 |
Reason for Selling |
other business interest |
|
| Annual P/L |
$0 |
Attention |
Shawn Reilly |
|
| Annual Cash Flow |
$0 |
Listing Number |
1005969 |
|
| # of Employees |
|
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
Discover an exceptional opportunity to take over a beautifully renovated, turnkey Italian restaurant in a prime location steps from Yale University. This impressive 3,200-square-foot space features 90 warm and inviting dining seats, a lively 20-seat bar, and one of the area’s most sought-after patios, with room for 60 guests. The lease is remarkably attractive at just $9,300 per month, inclusive of trash removal, property taxes, and insurance. A recent top?to?bottom renovation—valued at $1,000,000—has left the restaurant in outstanding condition, ready for a seamless transition. Open seven days a week for lunch and dinner, this establishment is already a strong performer with significant room for further growth. Its proximity to Yale ensures a steady flow of students, faculty, theatergoers, and visitors. Currently operated absentee, the owner spends $170,000 annually on management—income you can capture by running the business yourself. This is the go-to dining destination for the Yale community, and now it can be yours. Opportunities like this don’t come around often.
Property Features and Assets:
<p>3,200 ultimate square feet, 90 booming dining seats, 20 electric lively bar seating, one of the best 60 seat patio in town, a bargain rent $9,300 all in (includes trash, property tax & insurance), turnkey in excellent condition with recent $1,000,000 complete renovation, preeminent envied location, the go to place for the Yale community, open 7 prosperous days lunch & dinner, absentee owner, management cost whopping $170,000 which can be yours, coveted full basement with walk-in & storage, high grossing cash cow with upside potential<br></p>
Market Competition and Expansion:
<p>Competition: Prime Yale-area location with constant foot traffic and built-in demand / Turnkey, fully renovated space—no downtime, no capital outlay / Exceptional rent value for the neighborhood, all in and below market. </p><p>Growth & Expansion: Capture the $170K management expense by transitioning from absentee ownership to an owner.operator model / Boost catering and takeout—high demand opportunities in a dense university market / Increase bar revenue with craft cocktails, happy hours, and themed nights<br></p>
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