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Asking Price:	$195,000 USD USA Dollars
Business for Sale Industry:	Food & Beverage: Bars, Clubs, Nightspots
Reason for Selling:	Absentee owners have no time to handle the business
Year Established:	1987
# of Employees:	5
Yearly Revenues:	$265,000
Yearly Cash Flow:	$113,345

Business for Sale Overview:

Located in the heart of the art community in Providence, this bar and grill restaurant has a terrific atmosphere. It is a casual and funky location with simple yet great tasting quality food. Minutes away from downtown Providence, they offer their guests a large spacious bar, plenty of table seating, and a pool table. The business is also available for private functions during non-business hours to earn additional income. Terrific opportunity to get started in an established bar and grill in downtown Providence. This bar also gets lots of business from local attractions such as the Providence Civic Center, Providence College and Columbus Theater events. The business is doing very well right now as sales have been steadily climbing. The owners have established a really nice clientele and designed a delicious menu that is easy to prepare and low in cost. The liquor license allows the bar to stay open until 2:00 A.M on Friday and Saturday. You can also increase revenues by opening for lunch as well. The owners have been operating the bar on an absentee basis.

Property Features and Assets:

Many new updates.

Market Competition and Expansion:

In an excellent area for this type of bar and grille. Very few competitors.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.