Business For Sale

Newport RI Bar & Restaurant - Long Established

Newport, RI
Newport County


Asking Price: Annual Revenue:
$300,000 $647,506

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Newport RI Bar & Restaurant - Long Established Broker: Adam Bradshaw

Quick Facts

Asking Price: $300,000
Annual Revenue: $647,506
Net Profit: Not Disclosed
Cash Flow: $68,144
Total Debt: Not Disclosed
FF&E: $43,000
Real Estate: Not Disclosed
Year Established: 1896
Employees: 9
BBN Listing #: 325435713
Broker Reference #: 19797

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Business Overview:

Located in Newport RI, a popular destination for locals and tourists both domestic and international, this long-established bar and restaurant was created by the current owner over the years.

Its diverse menu and fully stocked bar makes it a popular destination for casual, affordable cuisine. It also regularly hosts larger groups including clubs, sports and billiard leagues, and other groups and events.

The business enjoys a loyal, local customer base year-round, as well as guests from around the world during peak months of the year.

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Property Features and Assets:

The business is located in a 3,000 Square Feet facility on a major street in town. A long-term lease with options to extend in future years is available.

Market Competition and Expansion:

This is a well-established, year-round business which would benefit from new owner energy and expanded investment in sales and marketing to enhance its position amongst bars and restaurants in the greater Newport market.

Reason for Selling:

Retirement

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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