Catylist ID:
#30721449
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: | 7/14/2021 |
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. |
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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