Landmark Restaurant With Real Estate 'SALE PENDING
Not Disclosed, RI Not Disclosed
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- RE: Landmark Restaurant With Real Estate 'SALE PENDING
- Contact: Kevin A.
Quick Facts
| Asking Price: | $2,400,000 | |
| Annual Revenue: | $2,237,429 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $309,634 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $400,000 | |
| Real Estate: | $1,600,000 | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 622735713 | |
| Broker Reference #: | 19898 |
Business Overview:
Award winning Italian restaurant known for its original Italian recipes and delicious food.
For many years, this restaurant has been a popular destination for fine dining, their wine and drink selections, parties and functions.
Very experienced management and staff.
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Property Features and Assets:
Spacious location, seating capacity 150 with a state-of-the-art bar, large kitchen, prep area, storage, walk-in refrigeration, etc. Ongoing renovations and maintenance have resulted in a facility that will last for many years. This is a special destination.
Market Competition and Expansion:
Solid, well-established location with various potential growth avenues available. The overall quality throughout is outstanding.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more Rhode Island businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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