Long Established Successful Restaurant in Ashaway

Undisclosed Address, Rhode Island
Business Opportunity for Sale
Catylist Listing ID: 30721449
Property Subtypes: Food and Beverage
Building Size (RSF): 3,344 SF
Sale Price: $140,000
Name of Establishment: Brick Oven Restaurant
Year Business Established: 1985
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Last Updated: 4/5/2021

Overview / Comments

The Brick Oven Restaurant has been successfully operating for over 3 decades in the same location. Family run restaurant serving breakfast and lunch to locals and travelers alike. The full 1am liquor license has been underutilized by the current operators but could provide significant additional revenue. This venue currently provides seating for 100 and could easily add additional seasonal outdoor seating. Existing fire alarm system, video system, 2 POS stations, gas furnace, air conditioning, full basement, ample storage, and much much more.
Septic system was replaced in 2007. Parking lot paved in 2016.
Please call for additional details.

PLEASE NOTE: Price reflects the total amount for business only. With the acquisition of the business($140,000), the Real Estate can be purchased for $425,000 with the possibility of seller financing for qualified buyers.

Additional Details

Industry Segment: Restaurants
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $85,000
Value of Real Estate Included ($): $0
Real Estate Lease Description: Building can be purchased for $425,000 or leased for $2800 per month NNN.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,055 20,947 38,640
Median Age: 41.9 43.9 44.31
Households: 433 8,398 14,886

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