250 Captain Thomas BlvdWest Haven, CT 06516

Property Details for 250 Captain Thomas Blvd

Property size (Sq ft)

1,800 SF

Property type

Other commercial real estate

Property subtype

Investment properties

Description

This exceptional business opportunity presents a fully equipped, profitable pizza bar and restaurant ideally situated in the Savin Rock Plaza on West Haven's Savin Boardwalk in Connecticut (06516). Priced at $150,000, this 1,800 square foot Class B establishment boasts a remarkable 65.33% cap rate and a Net Operating Income (NOI) of $98,000. The sale includes all kitchen equipment, a pizza oven, bar furniture, and fixtures, ensuring a seamless transition for the new owner. Customer amenities include phone chargers, coat/purse hooks, and a dedicated billiard area. A covered patio provides year-round outdoor seating. The property also features large restrooms and a private manager's office. The high daily traffic count of 5,500, driven by the nearby beach boardwalk and ample parking in the strip mall location, guarantees a steady stream of potential customers. Operating hours are Sunday-Thursday, 4 pm to midnight, and Friday-Saturday, 4 pm to 1 am. The current staff, including one cook, three bartenders, and one manager, are willing to remain, ensuring operational continuity. Financial records show consistent profitability over the past two years. This turnkey operation offers a rare chance to acquire a thriving business in a prime location.

Location Insight

City

West Haven

County

New Haven

State

Connecticut

Latitude

41.259

Longitude

-72.9479

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