BRANFORD, Connecticut
| Asking Price |
$249,000 |
Year Established |
|
|
| Annual Revenue |
$1,400,000 |
Reason for Selling |
Other business interest. |
|
| Annual P/L |
|
Attention |
Shawn Reilly |
|
| Annual Cash Flow |
$150,000 |
Listing Number |
633504 |
|
| # of Employees |
|
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
This is a rare opportunity to own a successful bar/restaurant in a high-end East shoreline area. The business has a prime location on RT 1 with high traffic and visibility right off highway. It has a spacious 4,000 square feet area with 40 cozy bar seats, 30 outdoor patio seats, and 75 dining seats. The rent is very low at $6,600 per month, and the current burdening payroll includes a chef who earns $100,000 per year, which can be easily adjusted. The business has been operating for 8 years and offers dinner every night and breakfast and lunch for 5 days a week. There is a lot of room for growth and improvement for a new owner who can take this business to the next level. Come and see for yourself why this is a must-see opportunity, for any aspiring restaurateur act now.
Property Features and Assets:
4,000 bustling square feet, 40 electric bar seats, 30 inviting patio seats, 75 money making dining seats, meager $6,600 rent NNN, heavily traveled RT 1 location, ambience like no other, upscale East shoreline community, exceptional opportunity for chef owner present chef earns $100,000, established 8 profitable years, one of kind must see opportunity, open 7 busy days 5 of which includes breakfast lunch & dinner, huge upside potential.
Market Competition and Expansion:
Competition: Heavily traveled RT 1 location and great visibility
Growth & Expansion: Trimming top heavy payroll is the key here.
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