Business For Sale

American Restaurant & Liquor License Turnkey Conve

South Kingstown, RI
Washington County

Asking Price: Annual Revenue:
$225,000 $240,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: American Restaurant & Liquor License Turnkey Conve Broker: Rick Carlson
Owner Financing is Available!
$175,000 Down, Balance at $1,359.66 Per Month for 40 Months Includes 5.0% Interest!

Quick Facts

Asking Price: $225,000
Annual Revenue: $240,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2016
Employees: 4
BBN Listing #: 67727574
Broker Reference #: 726 Restaurant

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Business Overview:

Existing concept not firing on all cylinders, and this multi-unit operator has decided to let this pet project go for a fraction of what was invested into the buildout. Suggested concept conversion to a breakfast/lunch type joint or bring your proprietary ideas and rebrand it as you see fit. Take the glorious kitchen, fixtures, furniture and equipment and call this place your own flagship restaurant venue. Solid relationship with the landlord should make a smooth lease assignment or we'll facilitate securing a new lease in your name. Experienced Seller/Intermediary team having already sold one concept in MA a few years ago. Full package on file with ProNova Partners upon receipt of signed NDA.

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Property Features and Assets:

Facilities: Beautiful buildout.

Market Competition and Expansion:

Competition: Needs to be rebranded into a different concept, so that depends on the Buyer. Growth & Expansion: Local neighborhood feedback has been that a locals type breakfast/lunch type place would kill it.

Reason for Selling:

Focus on other establishments.

Additional Details:

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

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