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Full Service Restaurant & Caterer - New Haven for Sale in New Haven, CT

Reference #: 41980033
Location: New Haven, CT
Price: $1,250,000
Amount Down: $1,250,000
Revenues: $2,638,885
Discretionary Earnings: $400,902
Total Assets: $903,000
Business Description:

The Greek Olive Restaurant located just off exit 46/47 on I-95 at the La Quinta Hotel in the middle of a heavy commercial district in New Haven, is for sale.  The restaurant has become a local institution well know for great food served in classic Mediterranean style, although it serves a complete American style menu for breakfast, lunch and dinner as well.  It grosses $2,640,000 annually with discretionary earnings of $400,000. 


The restaurant is in an excellent location. Because it resides in a building attached to the La Quinta Hotel and is visible from I-95, it has a steady source of cleintelle in addition to it's large walk-in traffic from the New Haven area.  190,000 cars pass by the restaurant every day on I-95 and it is easily accessible from the highway. The restaurant has a full liquor license w/ separate bar/lounge. It has a highly favorable long term lease in 7000 sq. ft. of space.  It seats 175 people in the main dining area. The facilities include a banquet space where they regularly cater corporate events and private parties and can comfortably accomodate 100 people.  The restaurant also has a healthy business catering outside events as well. 


 


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The information above has been provided by the seller and/or the seller's financial advisors and has not been verified by this independently owned office, its representative, or VR. This independently owned office, its representative, and VR make no warranty regarding the accuracy of this information and advises prospective buyers to conduct their own due diligence prior to purchasing any business.