Popular RI Restaurant with Real Estate

Not Disclosed, RI


Asking Price: Annual Revenue:
$1,700,000 $1,946,586

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Popular RI Restaurant with Real Estate Broker: Justin Grolley

Quick Facts

Asking Price: $1,700,000
Annual Revenue: $1,946,586
Net Profit: Not Disclosed
Cash Flow: $488,989
Total Debt: Not Disclosed
FF&E: $70,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 25
BBN Listing #: 228235713
Broker Reference #: 19891

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Business Overview:

Highly profitable and popular restaurant located in southern Rhode Island that has been providing delicious and affordable food to customers for many years.

Experienced and long tenured employees in place.

Loyal and diverse customer base including locals, tourists, workers, etc.

Excellent opportunity for an existing restauranteur, restaurant group or someone with culinary experience to expand on an already successful operation.

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Property Features and Assets:

The restaurant has a capacity well over 100 people and is located on a high traffic route with ample parking for customers. The Real Estate is for sale for $550,000 and is included in the asking price.

Market Competition and Expansion:

Many opportunities for growth such as expanding hours, offering breakfast service and expanding capacity.

Reason for Selling:

Personal

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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