Profitable Newport Restaurant- Fully Equipped Turnkey

Business Overview:

Step into a thriving, profitable Newport, Rhode Island restaurant located in one of New England's premier coastal destinations. This established, full-service restaurant generates approximately $900,000 in annual sales and delivers an owner benefit of around $200,000, with the potential for even greater returns for an owner-operator. Step into a turnkey, cash-flowing business on day one with proven performance and immediate upside.
A highly sought-after Newport beer and wine license is available for purchase separately for an additional $175,000. Given the limited availability and significant value of liquor licensing in Newport, this presents a unique opportunity for buyers seeking to enhance revenue and expand beverage offerings. Buyers may choose to acquire the business with or without the license, providing flexibility to fit their concept and investment goals.
This opportunity is ideal for a hands-on operator, chef-driven concept, or multi-unit group looking to capitalize on Newport's powerful mix of tourism and year-round local demand. A new owner can immediately benefit from the area's strong foot traffic, steady reservation volume, and visibility in one of Rhode Island's most desirable hospitality markets. SBA financing may be available for qualified buyers, making this an even more accessible opportunity with favorable lending terms.
The restaurant spans approximately 2,317 square feet and features seating for around 95 guests in a polished, well-appointed dining room suited for elevated casual or upscale dining concepts. The space is fully built out and equipped with a commercial kitchen that includes ventilation, grease management systems, refrigeration, prep areas, warewashing, and ample storage. Designed for efficiency and consistent output, the layout supports both high-volume service and a refined guest experience.
Monthly occupancy costs are approximately $6,500, offering a manageable structure for this strong coastal market. The current operating schedule focuses on evening service during the week with expanded hours on weekends, presenting clear opportunities for growth through brunch, lunch, late-night offerings, private events, catering, and seasonal programming. A trained staff of approximately twenty employees supports operations during peak periods, allowing for a smooth transition and continuity of service.
Located in a vibrant coastal area known for its dining scene, tourism, and strong local base, the restaurant benefits from excellent visibility, proximity to lodging and attractions, and steady year-round traffic. Additional upside exists through enhanced digital marketing, online reservations, delivery integration, curated events, and experiential dining offerings designed to maximize both guest frequency and average check.
The seller will provide training to ensure a seamless transition, including support with operations, vendor relationships, and systems. This is a rare opportunity to acquire a turnkey, cash-flowing Newport restaurant with proven performance, strong infrastructure, and significant upside in one of Rhode Island's most sought-after restaurant markets.
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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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