$1.3m in sales! Full service restaurant and catering with property

New Haven County, CT

Restaurant for sale
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Asking Price: Get Financing: $230,000

Cash Flow: $120,000

Gross Revenue: $1,300,000

EBITDA: N/A

FF&E: $90,000

Inventory: $30,000*

Real Estate: $925,000*

Established: 1990

*not included in asking price.

$1.3m in sales! Full service restaurant and catering with property

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Business Description

This full service restaurant was set up by the current owners in the 1990s to serve local residents and passersby on a high traffic street in New Haven County. This is a very popular restaurant in the area with an impeccable reputation for decades. The menu features New American Cuisine and the restaurant offers a very warm, comfortable setting. With its comfortable décor, the restaurant became a perfect venue to share a romantic night out, celebrate a special occasion, unwind after work or gather for a meeting. Private rooms accommodate private parties or business meetings. The restaurant offers indoor and outdoor seating, private rooms and outside catering services. The restaurant is located in the heart of a town in New Haven county within walking distance from numerous businesses, a condominium complex, retail stores and banks and other establishments. It benefits from being in a high traffic area which offers great visibility. The company is also active in the local community by participating in different charity and food donation events.

This outstanding business has several advantages and the following attributes:
-Excellent reputation
-Loyal customer base
-Liquor license
-Diversified services including catering
-The company is on sale with the property guaranteeing no headaches of dealing with landlords
-Spacious premises
-Opportunities for further growth

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Employees:
35
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The restaurant offers more than 4,000 sq. ft. of space available for guests on two floors and property is included in the sale price. The restaurant can seat over 200 people including the outside patio area. Great parking. Restaurant comes fully equipped
Competition:
Average
Growth & Expansion:
Multiple growth opportunities are available including more aggressive marketing efforts, introduction of breakfast and late dinner services, introduction of delivery services, etc
Support & Training:
The Sellers will provide training to ensure a smooth transition.
Reason for Selling:
Retirement
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Contact the Seller

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Christine Motta

Business Listed By:
Christine Motta

Comer Business Brokers

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Sponsoring Broker:
Irina Comer, MBA

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