Profitable Newport Italian Restaurant For Sale! $157K Owner Benefit

Business Overview:

Buy this profitable coastal Rhode Island Restaurant for Sale and step into a business with proven and verifiable success. Annual sales of approximately $900,000 generate an owner benefit of about $200,000, making this an attractive opportunity for a hands-on operator, chef-driven owner, or multi-unit group seeking a strong coastal market supported by both local patrons and consistent tourism. If an owner-operator were to take the helm, the owner benefit has the potential to be even higher due to reduced labor costs and increased day-to-day oversight. Offered exclusively by We Sell Restaurants, this fully equipped, full-service restaurant qualifies seasoned buyers for SBA lending with approximately fifteen percent down. Buyer financial prequalification of at least $100,000 is requested prior to full disclosure.
This Restaurant for Sale occupies approximately 2,317 square feet and offers around 95 indoor seats within a polished, well-appointed dining room suited for elevated casual or upscale concepts. The kitchen is fully built out with commercial ventilation, grease management, refrigeration, prep areas, ware washing, and ample storage, providing the infrastructure needed to maintain consistent volume and smooth execution. A sought-after license to sell beer and wine is already in place, adding valuable revenue potential and operational flexibility.
Current monthly occupancy costs are approximately $6500, a manageable structure for the market and location. Current service hours focus on evenings during the week with expanded operations on weekends, giving a new owner several clear avenues for growth including lunch, brunch, late-night service, catering, and private dining. During peak season, a trained staff of roughly twenty employees supports operations through defined roles and established systems that allow a new operator to transition seamlessly.
Located in a desirable coastal area known for its dining, tourism, and year-round local activity, the restaurant benefits from strong visibility, convenient access, nearby lodging, and steady residential traffic. Opportunities exist to increase revenue through online reservations, targeted digital marketing, delivery partnerships, curated chef experiences, or expanded events that drive both frequency and average check.
The seller will provide two to four weeks of training to ensure a smooth transition, continuity of operations, and an organized handoff of vendor relationships, recipes, and systems. Take over a turnkey, cash-flowing business on day one with an operation already generating an owner benefit of approximately $200,000, with even greater upside for an owner-operator. SBA financing options may be available for qualified buyers seeking favorable terms. Contact We Sell Restaurants today!
Qualified, preapproved buyers are encouraged to inquire promptly.
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Contact the Seller:

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Property Features and Assets:

3 bay sink
Espresso machine
Dinnerware
Glassware
Dukers 2 4ft door worktop prep station
4ft worktop prep station
2x Imperial 6 burner stove
10ft hood and Ansul system Econ air - New
3x Hand sink
Thrifty flattop griddle
Hobart meat slicer
Chest freezer
Vegetable sink
Manitowac ice machine
3ft SS table
5ft sandwich prep unit
Fridgidaire freezer
3x microwaves
6ft sandwich prep unit
4ft SS prep table
Blodgett convection oven
Undercounted bakers rack
Countertop toaster ovens
Chest freezer
True 2 door refrigerator
True glass door refrigerator
True two door freezer
True two door refrigerator
Westinghouse refrigerator
Assorted shelves
3 bay sink
6 ft ss table
Jackson undercounter dishwasher
Utility cart
Undercounter grease trap
Mop sink

Market Competition and Expansion:

The restaurant benefits from a strong year-round customer base with added seasonal boosts typical of coastal dining markets. High visibility and steady foot traffic support consistent revenue. Although competition exists, the area?s dining activity helps attract more customers overall. As with most restaurant operations, buyers should consider labor availability and rising costs, though the established business model provides stability.

Reason for Selling:

Retirement. Kindly ask the seller for more information.

Additional Details:

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