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Award-Winning Restaurant By The Beach For Sale

Milford, Connecticut, US
Asking Price:
$419,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$822,000
Cash Flow:
$50K - $100K

Are you ready to step into a thriving and well-established restaurant/bar business in the heart of New Haven County? This is a rare opportunity to acquire a turnkey operation with a proven track record, exceptional revenue, and a valuable lease. With an impressive net revenue of $822,000 in just 7.5 months, this restaurant/bar has become a local favorite and has won numerous awards for its excellence in cuisine and service. Don't miss out on this chance to own a highly regarded establishment in a prime location. Custom bar top valued at 40K, equipment value 85K, current inventory 18K, furniture brand new valued at 12K.

To schedule a confidential showing, please contact us today. Don't miss out on this chance to own a renowned establishment with a proven track record of excellence in the heart of New Haven County. Act now and start your journey toward entrepreneurial success in the thriving restaurant and bar industry.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

5 year lease with 5 year renewal option
$2,000.00 is current rent each October rent increases by $125.00 per month

Location:

Beach is steps away located in lower NH County

Premises Details:

Double sided rental agreement for space converted into one cohesive restaurant, as well as storage apartment included in rental terms and lease. Lease terms amount is 50% under asking for rental space in the area. 5 Year lease with 5 year renewal option! Value in the lease and location. The space was completely updated, new mechanics, floors, walls and much more all new! 3 new furnaces, new water heater, 2 new leased dishwashers and much more!

Business Operation

Competition / Market:

We are the only full service restaurant in the immediate area!

Reasons for selling:

Health - recently diagnosed with an autoimmune called Lupus

Trading hours:

Monday closed
Tuesday through Sunday 12-10

Employees:
28
Years established:
7.5 months

Other Information

Support & training:

TIPS training can be set up
Serv safe can also be set up
Will train day to day
ETC

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

75% due at closing
remaining 25% paid monthly at no interest, if current, for one year term. Due 15th of each month. If late 2.5% fee would be added to that months payment.

Furniture / Fixtures value:
$195,000 - included in the asking price
Inventory / Stock value:
$18,000 - included in the asking price