Want to Open a Restaurant? New Canaan has Options For Restaurants of All Sizes

Just listed:

A profitable little restaurant on Elm for $295,000.  To get more information about exactly how profitable this restaurant is you'll have to sign a confidentiality statement (I did) but if you are looking for a restaurant location and you can do it in 1200 feet then this might be the ticket.

For more information call me 203-247-4700

However, for those of you who are a little more ambitious, maybe want your patrons to sit down while they eat then I can recommend another restaurant location of 2300 ft on Main Street asking $575,000.  It seats about 80 and that should be enough to keep you in the black. Happy cooking.

In addition, there are two other commercial listings advertising the possibility of food service in the downtown. However, they are not offering freezers and equipment and are offered as empty shells.

Finally, the Red Mango location seems to be vacant so I am not sure if this listing to sell that business is still valid.

Sold: 15 South Avenue, New Canaan

For Sale: 15 South Avenue, the Heart of Downtown New Canaan

15 South Avenue is a fully leased, 4,390 square foot, four tenant retail building situated on .081 acres in the heart of the downtown shopping district of New Canaan. The asking price is $3.95 million. For more information on this or similar buildings in New Canaan, give me a call at Brotherhood & Higley (203) 966-3507 or email me.

A More Efficient Market: 10 Questions I asked of the Market Demand Study Presentation

Here is the link to NCTV Channel 79 coverage of the Market Demand Study presentation on June 7th. Selectman candidate John Engel asked these questions following the presentation:

1. What is the vacancy rate of retail space in the downtown right now? We have census data to tell us that we have a 7.2% residential vacancy rate but no information on retail vacancies.

2. How many stores are in the downtown? And, how many of them are small, medium and large stores and how are those defined? We need metrics in order to understand the scope of the problem.

3. How many restaurants do we have? Restaurant licenses are issued and I seem to recall the number is over 80 food establishments of all types in New Canaan. How do restaurants draw traffic to the downtown and what impact does it have on shopping? On parking?

4. Is it part of the scope of the Market Study Committee to tell us how to take action, or recruit, desirable stores?

5. What tools, besides zoning changes, does the Town currently have to influence the marketability of our town?

6. Have you or will you survey the rental rates now and historically, and can that be made available to us as a tool for merchants, landlords and realtors to form a more efficient market?

7. What technologies will we have to monitor changes? From the top of my head I can suggest modern online parking meters, online traffic counters, online accessible rental databases of historical prices and vacancy rates, sales receipt databases.

8. How will an aging New Canaan population affect our Market Demand in the future?

9. Have we identified model communities from which we can glean best practices?

10. What is the effect of the Glass House on tourism? on the presence of a Metro North train station in our downtown? Are we doing all we can to leverage those two assets?