Sale Opportunities
• Popular Restaurant w/RE (Seats 300)
Location: Rhode Island
Primary Category: Other Eating & Drinking Places
Your Reference ID: 19531
Financial Information
Asking: $985,000
Gross: $587,756
Cash Flow: $70,229
Furniture, Fixtures & Equipment: $262,950
Inventory: $9,648 (not included in price)
Real Estate: $763,000 (included in price)
Summary Description
Exceptional restaurant with Real Estate surrounded by upscale bedroom communities north of Providence, Rhode Island. It is in superior condition, is well-maintained, has an attractive décor and an open floor plan with four separate dining areas including banquet facilities, bar and lounge area, atrium dining and both booth and chair seating for up to almost 360. The current Owner/Chef has an established clientele built on a solid reputation for almost fifteen (15) years. The restaurant does an active banquet business with weddings, bridal showers, funerals, birthdays, anniversaries and special events, as well as a brisk take-out business and take-out catering. It has all the appropriate licenses and permits for service of alcohol, food and live entertainment. It has a large, well-equipped and immaculate kitchen with an excellent record from the health department. This restaurant can be transferred into a multitude of concepts including Italian, Mexican, Seafood, Steakhouse, Oriental, family dining or upscale.
General Information
Facilities: The 6,000 sq/ft restaurant is located on a busy (17,000 cars per day) corner lot of almost one (1) acre of land with seventy eight (78) paved parking spaces. Construction is stone and concrete with a membrane roof. There are two (2) HVAC units with four (4) separate heat zones, and is on public water, sewer, natural gas with 22ov/400 amp underground electrical service. The building is completely up to code with new handicap bathrooms, a new alarm system, a sprinkler system throughout, and a new hundred (100) gallon high recovery hot water heater.
Support/Training: Two weeks at no cost.
Reason Selling: Health.
Year Established: 1996
Contact Information
Contact: Rob Stephens
Phone: 508-990-9800
Email: coastalbizbrokers@verizon.net