Catylist ID:
#30719119
Turn Key Restaurant Opportunity near Westerly
Undisclosed Address, Rhode Island
Business Opportunity
for Sale
| Catylist Listing ID: | 30719119 |
| Property Subtypes: | Food and Beverage |
| Building Size (RSF): | 3,344 SF |
| Sale Price: | $140,000 |
| Name of Establishment: | Brick Oven Restaurant |
| Business Website Address: | https://www.brickovenrestaurantashaway.com/ |
| Year Business Established: | 1985 |
| Gross Revenue: | $537,000 (Annual) |
| Cash Flow: | $0 (Annual) |
| Last Updated: | 3/26/2021 |
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 and much much more. Septic system was replaced in 2007. Parking lot paved in 2016. Please call for additional details. PLEASE NOTE: Real Estate can be purchased for $425,000 with the possibility of seller financing for qualified buyers. |
Additional Details
| Industry Segment: | Restaurants |
| Reason for Selling: | Owners retiring |
| Value of Inventory Included ($): | $0 |
| Value of Furniture, Fixtures, and Equipment ($): | $85,000 |
| Real Estate Status: | Real Property |
| Value of Real Estate Included ($): | $0 |
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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