Restaurant Business for Sale

Undisclosed Address, North Providence, RI 02911
Business Opportunity for Sale
Catylist Listing ID: 30368461
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $65,000
Year Business Established: 2017
Gross Revenue: $193,000 (Annual)
Cash Flow: $50,000 (Annual)
Relocatable Business: Yes
Sale Terms: Minimum of 50% down if financing.
Last Updated: 4/5/2019

Overview / Comments

A great opportunity to get into a business that's up and running, growing, and with lots of potentials to do more business! This business has internal floor area expansion availability for retail sales and offers a wide selection of great food! Whether your business savvy, or not, the owner of this business will help you learn the ins and outs of the menu, running the kitchen, dealing with the POS, handling deliveries, and share ideas for growth. Located on an incredibly busy street in North Providence, RI which allows maximum exposure to your signage, menu, and delectable aromas coming from your kitchen! Call today for an appointment.

Additional Details

Industry Segment: Restaurants
Reason for Selling: Owner will be moving out of state.
Value of Inventory Included ($): $27,350
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: 5-year lease @ $1100.00 per month.
Employee/Labor Description: Part-time workers used for kitchen cooking, prep work, and deliveries.
Mgmt/Training Support Description: Owner will dedicate up to 3 weeks for training, etc.
Competition/Market Description: Robust area, for food offerings.
Growth/Expansion Opportunities: Apps like GrubHub, UberEats, Slice, and EatStreet in conjunction with the restaurant's website have increased sales by approx. 30k. Additional space available to serve more eat-in customers.
Seller Financing Description: Owner will hold, up to, 50% of list price/purchase price for 24 months.

Contact

Photograph of Listing Agent

Anthony Santangelo

HomeSmart Professionals ECCPN Member
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