Condo and Cafe!

Business Opportunity for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30036268
Property Subtypes: Entertainment and Leisure
Building Size (RSF): 1,100 SF
Sale Price: $525,000
Name of Establishment: Topside Cafe
Year Business Established: 2014
Gross Revenue: $57,645 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: This 1100 square foot condominium in the Albion building located on Ocean Avenue is approved for both residential and commercial.Perfect location for a wide variety of uses: yoga studio, coffee house, gallery, wine bar, antique store... the options are endless! Generous decking on two sides for outdoor entertaining or dining while enjoying distant ocean views. Available to purchase restaurant equipment and license currently held by owner to make opening a business quick and easy.
Last Updated: 10/17/2018

Overview / Comments

Previously the Topside Cafe, this truly turn-key operation is complete with Beverage Class BVL License (beer & wine), an outdoor entertainment license (12p-9p, Monday- Sunday), and a victualling licence (food service).

The 1,100 sq. ft. space includes all equipment, fixtures, furniture, and office systems. There is a management team available if necessary.

Successfully run for a number of years in this well traveled area with indoor and outdoor dining overlooking town. Great for seasonal or year round business!

Additional Details

Nearest MSA: Providence-Warwick
County: Washington
Industry Segment: Other Entertainment and Leisure
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $50,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $60,000
Real Estate Lease Description: Current lease expires on April 1, 2018. Perfect time to take control of the business yourself or change usage of the space.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 943 1,051 1,051
Median Age: 49 50.41 50.41
Households: 457 514 514

Contact

Photograph of Listing Agent

Jennifer C Phillips

Phillips Real Estate ECCPN Member
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