Landmark Restaurant w/Real Estate

Landmark Restaurant w/Real Estate

Location:Rhode Island
Your Reference ID: 19898

FINANCIAL INFORMATION

Asking: $2,400,000
Gross: $2,019,820
Cash Flow: $344,886
Furniture, Fixtures & Equipment: $400,000 (Included in Price: Yes)
Inventory: $10,000 (Included in Price: Yes)
Real Estate: $1,600,000 (Included in Price: Yes)

SUMMARY DESCRIPTION

Award winning Italian restaurant known for its original Italian recipes and delicious food.
For many years, this restaurant has been a popular destination for fine dining, their wine and drink selections, parties and functions.
Very experienced management and staff.
Offered as a total package…Business $800K + Real Estate $1.6M = $2.4M.

FACILITIES

Spacious location, seating capacity 150+ with a state-of-the-art bar, large kitchen, prep area, storage, walk-in refrigeration, etc.
Ongoing renovations and maintenance have resulted in a facility that will last for many years.
This is a special destination.
The real estate price is $1.6M and included with package.

GROWTH/OPPORTUNITY

Solid, well-established location with various potential growth avenues available.
The overall quality throughout is outstanding.

Training & Support:

As needed for a smooth transition


Reason Selling: 

Retirement

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER

Kevin Nery, CBB, LCBI, M&AMI

Kevin Nery, CBB, LCBI, M&AMI