Landmark Restaurant with Real Estate

Not Disclosed, RI


Asking Price: Annual Revenue:
$2,400,000 $2,019,820

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Landmark Restaurant with Real Estate Broker: Kevin A. Nery, CBB, CBI, M&AMI

Quick Facts

Asking Price: $2,400,000
Annual Revenue: $2,019,820
Net Profit: Not Disclosed
Cash Flow: $344,886
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

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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.

Offered as a total package…Business $800K + Real Estate $1.6M = $2.4M.

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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. The real estate price is $1.6M and included with package.

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 a homebased business opportunity.
  • This is not a franchise resale opportunity.

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