NORTH SCITUATE, Rhode Island
| Asking Price |
$800,000 |
Year Established |
1990 |
|
| Annual Revenue |
$183 |
Reason for Selling |
Relocation |
|
| Annual P/L |
$0 |
Attention |
Damian Santoro |
|
| Annual Cash Flow |
$0 |
Listing Number |
1017994 |
|
| # of Employees |
|
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
Unique opportunity to acquire a closed, fully equipped restaurant for sale with real estate in Scituate, Rhode Island. Located at 1115 Hartford Pike along Route 101, this approximately 1,748-square-foot restaurant building is situated on approximately 6 acres and offers an incoming operator an attractive combination of existing restaurant infrastructure, equipment, real estate, parking, visibility, and significant land area.
The former restaurant for sale with real estate is currently closed and is being offered as a restaurant real estate and equipment opportunity, allowing a new owner to bring their own concept and vision to the property. The restaurant has a seating capacity of approximately 50 guests and includes an existing bar area, commercial kitchen, dining space, and restaurant infrastructure.
From We sell Restaurants, the extensive equipment package includes a 10-foot hood and Ansul system, two Precision six-burner ranges, two fryers, a 24-inch charbroiler, refrigerated prep equipment, worktop refrigeration, commercial dishwasher, ice machine, dough mixer, six-foot gas steam table, multiple sinks, stainless-steel preparation and work tables, refrigeration, six-foot reach-in beer cooler, two-head refrigerated keg unit, cookware, and additional restaurant equipment.
The existing buildout provides flexibility for a variety of concepts including a neighborhood restaurant and bar, American cuisine, pub-style operation, Italian restaurant, pizza concept, casual dining, or chef-driven independent restaurant. The property occupies a prominent location along the Hartford Pike/Route 101 corridor and is positioned at a signalized intersection, providing strong visibility and signage opportunities.
On-site parking further supports restaurant use, while the approximately 6-acre parcel provides significantly more land than is typically found with a restaurant property of this size. The additional acreage may provide opportunities for future use, expansion, or other development subject to zoning, wetlands, engineering, permitting, and municipal approvals. A new operator may also have the opportunity to incorporate outdoor seating, takeout, delivery, catering, special events, and other revenue streams into a new concept.
For a buyer seeking to own rather than lease, this offering provides the opportunity to acquire the underlying real estate along with an existing restaurant buildout and substantial equipment package. Bring your own concept and reintroduce this established restaurant location to the Scituate market.
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Property Features and Assets:
Table and Chairs <br>Hand sink <br>Ice well <br>3 bay sink <br>Undercounter single door fridge <br>2 head refrigerator keg unit <br>Ice well <br>6ft reach in beer cooler <br>Vitamix blender <br>Waring commercial microwave <br>5ft SS prep table <br>2x fryers <br>Precision 24 inch charlbroiler<br>2x precision hd 6 burner stoves <br>5ft worktop refrigerator <br>10ft hood and Ansul system <br>8ft refrigerated prep unit <br>Hand sink <br>6ft gas steam table <br>Ice machine. <br>3 bay sink <br>Commercial dishwasher <br>8ft SS wash table <br>United dough mixer <br>Precision single door refrigerator <br>4ft SS Prep table <br>8ft SS shelf cabinet <br>4ft SS Table<br>Glass door refrigerator <br>Assorted cookware
Market Competition and Expansion:
This property offers several advantages compared with traditional leased restaurant opportunities, including ownership of the underlying real estate, approximately 6 acres of land, an existing restaurant buildout, extensive equipment, on-site parking, and a prominent location at a traffic light. Its established restaurant use and Route 101 location provide an incoming operator with a recognizable restaurant destination serving Scituate and surrounding communities. The property combines a manageable 50-seat restaurant with significantly more land than typically accompanies a restaurant of this size.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity