Business For Sale

New Local Hotspot in Rhode Island - RE Available

Not Disclosed, RI
Providence County

Asking Price: Annual Revenue:
$395,000 $600,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: New Local Hotspot in Rhode Island - RE Available Broker: Todd Smith

Quick Facts

Asking Price: $395,000
Annual Revenue: $600,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Massachusetts
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 54624983
Broker Reference #: Not Disclosed

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Business Overview:

Newly built establishment is part of a new and large growing trend of upscale Hamburger Restaurants. Located on a busy high traffic road. During the day and evening, it has a family style feel that seats approximately 75 persons, serving milkshakes to the kids and alcohol to the adults. The lovely large outside patio has the look and feel of an Italian Bistro. Live music, DJ, or Karaoke 7 night a week. Divorce forces the sale. The Real Estate is Available for sale as well!!

PARKING: On street and public and private lots
EQUIPMENT: The equipment is brand new and valued at 400K
LEASE TERM: To be negotiated. The building may be purchased.
BASE RENT: To be negotiated
CONCEPT: Restaurant/Bar
SEATING: Capacity of 150 inside, 50 on patio
SIZE: 4, 000 square feet plus 720 square foot patio
HOURS: Open from 11:00-12:00 M-T. Fri-Sat 11:00-1:00 Sun 11:00-12:00
LICENSES: Full Liquor and Entertainment licenses

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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.

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