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Business For Sale

Restaurant and Function Facility with Real Estate

Newport County, RI

Food & Beverage: Bars, Clubs, Nightspots

Business For Sale
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$1,500,000
$650,000
Not Disclosed
$160,000
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
Not Disclosed
2005
17
306724983
Owner Financing is Available!
Bank Financing is available for qualified Buyers

Business Overview:

This is a great opportunity to pick up a profitable business with valuable Real Estate with great growth potential. This is a 16,000 square foot facility consisting of large kitchen, Dining Room with a bar and three function rooms. There is also a pub that is being used as a function room that could be operated as a Pub year round. Other Key Points: Opportunity for other revenue growth; there is a 18 Hole Miniature Golf course and Batting Cage facilities that are not currently being operated. Condition: The building and restaurant are in very good condition and have been well maintained. Parking: There is plenty of parking Equipment: The equipment has been well maintained and is of good quality. Concept: Restaurant, Pub and Function Facility Seating: 500 plus seats (plus outdoor patio seating) Hours: 4:00 PM –1:00 AM Licenses: Full Liquor & Entertainment Licenses (Seven days a week) Sales: Approximately $650,000 per year ($800,000 in 2007)

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Reason for Selling:

Other interests

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Resources: