NEWPORT, Rhode Island
| Asking Price |
$130,000 |
Year Established |
2019 |
|
| Annual Revenue |
$539,490 |
Reason for Selling |
Retirement |
|
| Annual P/L |
$0 |
Attention |
Damian Santoro |
|
| Annual Cash Flow |
$90,647 |
Listing Number |
1014617 |
|
| # of Employees |
4 |
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
An opportunity to acquire a fully equipped, turnkey Indian restaurant for sale located in the Newport, Rhode Island market, one of the most desirable and high-demand coastal destinations in New England. This asset sale presents a rare chance to step into an established location with strong car traffic, excellent visibility, and consistent customer demand throughout the year.
The Indian restaurant for sale is currently operating and generating over $500,000 in annual sales, providing a solid foundation for a new owner to build upon. The space consists of approximately 2,600 square feet and features seating for approximately 60 guests, offering a comfortable layout for dine-in service while also supporting takeout and delivery operations.
Presented by We Sell Restaurants, the facility is fully built out and includes a well-equipped commercial kitchen designed for efficiency and versatility. Key infrastructure includes a 10-foot hood and Ansul system, walk-in cooler, multiple refrigeration units, prep stations, fryers, a 10-burner stove, and specialty cooking equipment, allowing for a wide range of cuisine types and service styles. The dining area includes approximately 15 tables, creating a welcoming environment for customers while maintaining operational flow.
Located along a high-traffic roadway, this restaurant benefits from strong daily vehicle exposure, making it ideal for capturing both local repeat business and pass-through traffic. The surrounding area includes a mix of residential neighborhoods, retail, and service businesses, supporting consistent year-round activity in addition to seasonal demand.
With a monthly rent of approximately $6,000, this location offers a valuable opportunity in a market where restaurant spaces are limited and highly sought after. The existing buildout represents significant value, allowing a new owner to avoid the time and expense of constructing a restaurant from the ground up.
This opportunity is being offered as an asset sale, providing flexibility for a new owner to continue the current concept or introduce a new brand. Ideal for an owner-operator, chef, or hospitality group looking to establish or expand in a premier coastal market.
Additional details will be provided to qualified buyers upon execution of a Non-Disclosure Agreement.
By providing your phone number to We Sell Restaurants, you are agreeing to receive text notifications.
Property Features and Assets:
60 seats <br>15 tables <br>Newair single door fridge <br>18 inch SS table <br>5ft SS prep table <br>Chest freezer<br>Fridge air refrigerator <br>Continental 2 door SS fridge <br>True 4ft prep unit <br>3ft SS prep table <br>Microwave <br>Hand sink <br>Assorted wire shelving <br>Baba clay oven <br>Fryer<br>10 burner stove <br>10ft hood and Ansul system <br>2x colorite gas burners <br>4ft sandwich prep unit <br>Ice machine <br>6ft SS Prep table <br>Rice cooker <br>2x 18inch SS prep tables <br>2x 4ft SS prep table <br>6ft SS prep table <br>SS vegetable sono <br>3ft SS prep table <br>Big Dipper grease trap <br>3 bay sink <br>2x utility cart <br>Walk in cooler <br>Assorted cookware <br>Assorted dinnerware <br>POS system <br>Trash receptacles <br>Commercial can opener <br>Microwave <br>2x 6 ft chest freezes
Market Competition and Expansion:
The Newport market is driven by strong year-round local demand and seasonal tourism, with high vehicle traffic corridors playing a key role in customer flow. Locations with visibility and accessibility are highly sought after and rarely become available with an existing restaurant buildout.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity