Established East Side Neighborhood Restaurant/Bar

Undisclosed Address, Rhode Island
Business Opportunity for Sale
Sale Pending/Contingent
Catylist Listing ID: 30211422
Property Subtypes: Food and Beverage
Status: Pending/Contingent
Building Size (RSF): 1,300 SF
Sale Price: $259,000
Year Business Established: 2010
Gross Revenue: $775,000 (Annual)
Cash Flow: $0 (Annual)
Last Updated: 10/30/2018

Overview / Comments

This East Side of Providence restaurant/bar business opportunity specializes in offering seasonality, cooking tasty food, craft cocktails, interesting wine & beers, and welcoming & thoughtful hospitality.
Business has been satisfying customers in this upscale neighborhood for 8 successful years. Relying on both steady repeat clientele and a consistent flow of newcomers this restaurant has maintained consistent year over year sales. Currently open for dinner 6 nights a week plus offering a delectable brunch on weekends, closed on Monday. Perfect opportunity for a chef/owner or a seasoned operator who wants a smaller restaurant, making the same profit for less headaches. Great opportunity in this fabulous upscale community.

Restaurant location is leased. Lease rate is $2,500 per month NNN.
Space consists of 1,300sf on main floor with a full basement that houses storage for inventory, walk-in, private office and more.

Additional Details

Industry Segment: Restaurants
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $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

Jim Conway

Conway Commercial Group of WR Commercial
ECCPN Member
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