Fully Equipped Turnkey Restaurant – Bring Your Concept – Newport, RI

NEWPORT, Rhode Island

Asking Price	$110,000	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 excellent opportunity to acquire a fully equipped, turnkey indian restaurant for sale in the highly desirable Newport, Rhode Island market. This confidential asset sale is ideal for an operator looking to bring their own concept to an established restaurant location without taking on the substantial cost, permitting, equipment purchases, and time associated with a ground-up buildout.
The approximately 2,600-square-foot indian restaurant for sale is currently operating as an ethnic concept and generates more than $500,000 in annual sales; however, the real opportunity here is the location, infrastructure, and flexibility of the space. With approximately 60 seats and 15 tables, the layout can accommodate a wide variety of concepts ranging from breakfast and lunch to quick-service, fast-casual, takeout-focused, or traditional full-service dining.
From We Sell Restaurants, commercial kitchen is extensively equipped and includes a 10-foot hood and Ansul system, 10-burner range, fryer, commercial cooking equipment, walk-in cooler, multiple refrigerators and freezers, sandwich preparation refrigeration, stainless-steel prep tables, ice machine, grease management system, sinks, POS system, cookware, dinnerware, and additional restaurant equipment. Much of what a new operator needs is already in place.
The location benefits from excellent visibility along a heavily traveled Newport roadway with strong vehicle traffic and convenient access to residential neighborhoods, hotels, retail, businesses, and major routes serving Newport and Aquidneck Island.
A new owner can continue the existing operation or completely reposition the restaurant around their own brand and menu. The kitchen and dining configuration could accommodate concepts such as fast-casual Mediterranean, burgers and chicken, sandwiches, Latin or Caribbean cuisine, Asian fusion, healthy bowls, breakfast and lunch, or a chef-driven full-service restaurant. The surrounding area already demonstrates demand for breakfast, café, pizza, takeout and full-service dining, making this an established restaurant market rather than a location dependent upon a single cuisine.
At approximately $6,000 per month in rent, this opportunity offers a buyer the ability to step into an existing Newport restaurant facility and focus capital on branding, menu development, working capital, and marketing rather than starting with an empty shell.
This is a confidential asset sale offering significant flexibility for an owner-operator, chef, existing restaurant group, or growing brand seeking a Newport location.
Bring your concept, your brand and your vision—the restaurant infrastructure is already here.
Additional information will be provided to qualified buyers upon execution of a Non-Disclosure Agreement.
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Property Features and Assets:

60 seats
15 tables
Newair single door fridge
18 inch SS table
5ft SS prep table
Chest freezer
Fridge air refrigerator
Continental 2 door SS fridge
True 4ft prep unit
3ft SS prep table
Microwave
Hand sink
Assorted wire shelving
Baba clay oven
Fryer
10 burner stove
10ft hood and Ansul system
2x colorite gas burners
4ft sandwich prep unit
Ice machine
6ft SS Prep table
Rice cooker
2x 18inch SS prep tables
2x 4ft SS prep table
6ft SS prep table
SS vegetable sono
3ft SS prep table
Big Dipper grease trap
3 bay sink
2x utility cart
Walk in cooler
Assorted cookware
Assorted dinnerware
POS system
Trash receptacles
Commercial can opener
Microwave
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: