Proof

Undisclosed Address, Rhode Island
Business Opportunity for Sale
Catylist Listing ID: 30324072
Property Subtypes: Food and Beverage
Building Size (RSF): 2,375 SF
Sale Price: $289,900
Name of Establishment: Proof
Business Website Address: https://www.youtube.com/watch?v=B9Lfbo9GnHs
Year Business Established: 2017
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Cash to Seller
Last Updated: 1/10/2019

Overview / Comments

Recently constructed and opened in the heart of Narragansett. Nearly 2500 sq.ft. all new! Proof is an opportunity for any operator. Very favorable lease terms that extend with multiple options for renewal. State of the art equipment and decor. This newer establishment has become a go-to location for local regulars and is located perfectly to attract the Vacation crowds in South County. The theme of Proof is quite unique and attractive. Located just 1.4 miles from famed Narragansett beach, this opportunity is located just a few hundred yards from the most accessed exit for South County Beaches. Listed for sale or for potential partner buy-out opportunity.

Additional Details

Industry Segment: Bars and Taverns
Reason for Selling: One Partner wants out. Can be purchased as a whole or one partner may be willing to stay in the partnership with another owner.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $300,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0

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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

Contact

Photograph of Listing Agent

Allen B Gammons

BHHS Gammons Realty ECCPN Member
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