Undisclosed Address, Rhode Island
Business Opportunity for Sale
Catylist Listing ID: 30448505
Property Subtypes: Food and Beverage
Building Size (RSF): 1,920 SF
Sale Price: $500,000
Name of Establishment: Chopmist Charlie
Year Business Established: 1996
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Seller will consider holding a1st note to financially responsible buyer. Seller will also consider lease with option to purchase or a straight lease arrangement.
Last Updated: 6/24/2019

Overview / Comments

Well established restaurant and bar since 1996. The restaurant has a full liquor, catering and entertainment licenses. There is seating for 90 with 12 bar stools. Fully equipped kitchen with a 1200sf basement for storage etc. There is reserved parking on the site.
The catering business has a 2010 catering trailer with dual axels. It is a complete self contained vehicle. It has a 2005 Ford F350 King Ranch diesel 4-wheel drive pickup for towing.

Additional Details

Industry Segment: Restaurants
Reason for Selling: Seller spends much of his time in Florida.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Value of Real Estate Included ($): $0
Mgmt/Training Support Description: There is a full time manager and staff. Training will be given to new buyer.
Growth/Expansion Opportunities: The catering has expanded every year
Seller Financing Description: Seller will consider holing a note to a financially sound buyer. He also will lease property.

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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


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