Highly Profitable Restaurant, Catering & Banquet

Providence, RI
Providence County


Asking Price: Annual Revenue:
$1,400,000 $3,200,000

Food & Beverage: Catering, Food Preparation


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RE: Highly Profitable Restaurant, Catering & Banquet Broker: Mel Lisiten
Owner Financing is Available!
NEGOTIABLE

Quick Facts

Asking Price: $1,400,000
Annual Revenue: $3,200,000
Net Profit: Not Disclosed
Cash Flow: $350,000
Total Debt: Not Disclosed
FF&E: $95,850
Real Estate: $1,000,000
Year Established: 1985
Employees: 40
BBN Listing #: 47235287
Broker Reference #: CRI2361005

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Business Overview:

Business Description:
A very rare opportunity to own one of the most profitable GEMS of the New England hospitality industry.

Fantastic highly-profitable banquet facility, restaurant and catering operation in business for 35 years.

Serve up to 350 people with two operating bars with the ability to host multiple events within the same day.

Enjoy a massive and faithful customer-base from day one with massive room for growth!

Non- stop demand for private functions, dining-in, pickup, delivery and even off-premises catering.

This business is known regionally as THE premier private event space. Highly in-demand at all times.

From casual buffets to lavish sit down dinners, this business is equipped to handle any type of event and any time of the day

This business is known regionally as THE premier private event space. Highly in-demand at all times.

Historical Summary:
The Business has been operating with its current name since the 1980’s

Large client Base

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Market Competition and Expansion:

Competition: LIMITED Potential Growth: UNLIMITED

Reason for Selling:

RETIREMENT

Additional Details:

  • The property is leased.
  • The owner is not 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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