315 Waterman Ave, East Providence, RI 02914

Business Opportunity for Sale
Catylist Listing ID: 30736491
Property Subtypes: Food and Beverage
Building Size (RSF): 3,654 SF
Sale Price: $250,000
Name of Establishment: Paquettes Family Restaurant
Gross Revenue: $660,000 (Annual)
Cash Flow: $100,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Business being sold with equipment, inventory, and lease.
Last Updated: 6/4/2021

Overview / Comments

Paquettes Family Restaurant! Located on Waterman Ave. Does not include catering business. Outdoor patio recently added. Kitchen equipment all comes with 5 year warranties. Amazing Opportunity!

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Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Industry Segment: Restaurants
Reason for Selling: Owner wants to focus on catering business.
Value of Inventory Included ($): $20,000
Value of Furniture, Fixtures, and Equipment ($): $110,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: 7 Years left on the lease. 10 year lease total. $5000/m rent.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,062 133,715 401,745
Median Age: 39.56 34.83 35.49
Households: 9,099 51,688 153,834


Photograph of Listing Agent

Michael A Alves

Keller Williams Realty Leading
ECCPN Member
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