Profitable Newport Restaurant- Fully Equipped Turnkey

NEWPORT, Rhode Island

Asking Price	$415,000	Year Established	1994
Annual Revenue	$897,816	Reason for Selling	Retirement
Annual P/L		Attention	Damian Santoro
Annual Cash Flow	$200,203	Listing Number	1004470
# of Employees	20	Business Category	Food & Beverage: Restaurants, Fast Food, Deli

Business Overview:

Step into a high-performing, fully equipped turnkey restaurant located in one of Rhode Island's most desirable and high-traffic coastal markets. This established operation generates strong annual revenue with consistent cash flow, offering immediate income potential and meaningful upside for a hands-on operator or experienced restaurant group.
This opportunity includes a highly sought-after beer and wine license, a significant advantage in this market where licenses are not issued by the city and must be acquired through private transfer when they become available.. Securing a license can often require long wait times, making this inclusion a valuable asset that allows a new owner to immediately maximize beverage sales and overall revenue potential.
The restaurant features a spacious, well-designed dining area with ample seating capacity, creating a comfortable and inviting environment suited for a variety of concepts. The layout supports both high-volume service and an elevated guest experience, while remaining flexible for rebranding or repositioning. The fully built-out commercial kitchen includes a hood and ventilation system, grease management, refrigeration, prep areas, warewashing, and ample storage, providing everything needed to operate immediately without the cost and delays of a new buildout.
Located in a prime, high-visibility area supported by strong residential density and steady tourism, this location benefits from consistent year-round demand along with peak seasonal traffic. Its proximity to popular destinations, lodging, and retail hubs enhances exposure and drives both repeat and new customer traffic.
Current operations focus on evening service during the week with expanded weekend hours, presenting clear opportunities for growth through lunch, brunch, catering, private events, and extended hours. A trained team is already in place, allowing for operational continuity and a smooth transition.
Occupancy costs are structured at a manageable level relative to the strength of the location and revenue potential. SBA financing may be available for qualified buyers, further increasing accessibility.
This is a rare opportunity to acquire a turnkey, cash-flowing restaurant in a premier coastal location, complete with licensing, infrastructure, and strong operating history. Ideal for an owner-operator, chef, or hospitality group looking to establish or expand in a high-demand market with immediate revenue potential.
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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.

Additional Details: