Gorgeous American Tavern Excellent Providence

Providence, RI
Providence County

Asking Price: Annual Revenue:
$750,000 $3,400,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Gorgeous American Tavern Excellent Providence Broker: Todd Smith

Quick Facts

Asking Price: $750,000
Annual Revenue: $3,400,000
Net Profit: Not Disclosed
Cash Flow: $384,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 992224983
Broker Reference #: Not Disclosed

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Business Overview:

Outstanding opportunity for this busy and profitable American Tavern. Amazing high-exposure, high-traffic chain location. Freestanding facility on its own pad site with easy access and plenty of parking. This established, and well-run busy and profitable semi absentee restaurant is in excellent turn-key condition. This site contains multiple dining rooms, a spacious function room, and a great 30-seat bar as well as a beautifully landscaped outdoor patio for warm weather dining. The state-of-the-Art kitchen is in excellent condition and set up for high volume operations. Perfect for a seasoned owner/operator or huge potential for a Regional or National Chain looking to expand their Brand! Suitable to just about any concept; a Brewery or Sports Bar would kill it here! Seller is looking to scale back wants a quick sale and will entertain reasonable offers from well-qualified parties. Call today for a confidential showing of this must-see opportunity!

PARKING: Plenty of Private Parking
EQUIPMENT: The equipment is of excellent in excellent condition and has been well maintained
BASE RENT $15,000 (includes triple nets)
LEASE TERM: Eight Years with Options
CONCEPT: American Tavern
SEATING: 300 seats including Bar and Outdoor patio
SIZE: 8,900 square feet
HOURS: Open Daily For Lunch and Dinner
LICENSES: Full Liquor
SALES: $3,400,000 per year
CASH FLOW: $384,000 (Semi Absentee Owner works just 15 hours per week at this location)
ASKING PRICE: $750,000 (For the Business) Not including the Brand Name

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Additional Details:

  • The property is leased.
  • The owner is not 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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