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Listing Number: 3258

Italian Restaurant/Real Estate Business for sale in New Haven County, Connecticut

Business: Italian Restaurant/Real Estate Business for Sale
County, State: New Haven County, Connecticut
Business Type: Restaurant/ Cafes, Delicatessen/Catering Services, Business with Property Available

Summary Description

Long-established Italian restaurant in heart of southern Connecticut city. PROPERTY ALSO OFFERED AT $500,000, with some owner financing. Restaurant seats 130, has full liquor license and easy access from major highways. Current owners there 16 years, but health reasons force quick sale with favorable financing. Parking for 40+ cars. Excellent reputation and food that is out of this world. Business run extremely well from day 1. They do LOADS of catering!! Seller sad to see it go, but can no longer handle. Must see to appreciate one of this cities finest Italian restaurants.

About the Sale

Asking price: $199,500 (USD)

Financing: $150,000 down and 49500 @ 7% over 48 months

Total Revenues: $578,000 (USD)

Cash Flow: $90,550 (USD)

Reason Selling: health

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