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.