NOT DISCLOSED, Rhode Island
| Asking Price |
$497,000 |
Year Established |
|
|
| Annual Revenue |
$1,685,000 |
Reason for Selling |
|
|
| Annual P/L |
$0 |
Attention |
Todd Smith |
|
| Annual Cash Flow |
$165,000 |
Listing Number |
1017469 |
|
| # of Employees |
|
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
Rare opportunity to acquire a well-appointed, established restaurant and bar in a desirable Rhode Island market. This turnkey operation features an inviting dining room, full-service bar, and an exceptional indoor/outdoor setup with a covered porch, expansive patio, outdoor bar, and dedicated outdoor kitchen with pizza oven.
The professionally designed buildout, private parking, established operating infrastructure, and strong location within an active dining and retail market make this an attractive opportunity for an experienced operator or restaurant group. Significant investment has already been made in the space, allowing an incoming operator to acquire an established restaurant operation without the time and expense of building a concept from the ground up.
Property Features and Assets:
<p>PARKING: 37<br>EQUIPMENT: The equipment is in excellent condition, has been well maintained & is of good quality. Dish Machine lease only<br>LEASE TERM: 3.5 remaining with two 5 year options<br>BASE RENT: $5,985<br>CONCEPT: Upscale Casual Dining<br>SEATING: Inside 68; Outside 70<br>SIZE: 1st Floor 2474 sqft; Patio 1655 sqft; Basement 1100 sqft<br>HOURS: 3-9pm (Sun-Mon)/11:30am-9pm (Tues & Thurs)<br>LICENSES: Liquor and Entertainment<br></p>
Market Competition and Expansion:
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity