Successful Established East Greenwich Restaurant

Undisclosed Address, East Greenwich, RI 02818
Business Opportunity for Sale
Catylist Listing ID: 30503955
Property Subtypes: Food and Beverage
Building Size (RSF): 4,500 SF
Sale Price: $290,000
Gross Revenue: $1,000,000 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Cash to Seller
Last Updated: 6/26/2020

Overview / Comments

Well established full service restaurant in great East Greenwich location. Full bar with 1am liquor license and entertainment license. Large kitchen, expansive dining room, tables and booths in bar area. So many improvements and upgrades have been made to this restaurant making it a truly turn key opportunity. All furniture, fixtures and equipment, including POS system, multiple flat screen TV's, and much more are included in the sale. Seats over 140 customers in this 4,500sf facility. This business is ideal for a seasoned restaurateur or someone with enthusiasm and drive looking to take the keys to high volume food, beverage and entertainment venue with all the pieces in place. A favorable long term lease is in place that will be transferred to a new operator. Year over year growth with huge potential to continue that trend.

Additional Details

Industry Segment: Restaurants
Reason for Selling: Health reasons
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $125,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Active lease with multi year renewal options.
Employee/Labor Description: Fully staffed with combination of full and part time employees.
Mgmt/Training Support Description: Owner will train and assist with transition for a reasonable period of time.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,760 29,714 90,537
Median Age: 43.17 43.87 43.24
Households: 1,267 11,541 37,852

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