Popular RI Restaurant w/RE

Popular RI Restaurant w/RE

Location:Rhode Island
Your Reference ID: 19891

FINANCIAL INFORMATION

Asking: $1,700,000
Gross: $1,946,586
Cash Flow: $488,989
Furniture, Fixtures & Equipment: $70,000 (Included in Price: Yes)
Inventory: $20,000
Real Estate: $550,000

SUMMARY DESCRIPTION

Highly profitable and popular restaurant located in southern Rhode Island that has been providing delicious and affordable food to customers for many years.
Experienced and long tenured employees in place.
Loyal and diverse customer base including locals, tourists, workers, etc.
Excellent opportunity for an existing restauranteur, restaurant group or someone with culinary experience to expand on an already successful operation.

FACILITIES

The restaurant has a capacity well over 100 people and is located on a high traffic route with ample parking for customers. The Real Estate is for sale for $550,000 and is included in the asking price.

GROWTH/OPPORTUNITY

Many opportunities for growth such as expanding hours, offering breakfast service and expanding capacity.

Training & Support:

As needed for a smooth transition.


Reason Selling: 

Personal

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

Justin Grolley, MBA, CBI, CMEA

Justin Grolley, MBA, CBI, CMEA