Bravo Bistro in Downtown Providence, RI

Business Opportunity for Sale
Catylist Listing ID: 30478707
Property Subtypes: Food and Beverage
Building Size (RSF): 5,700 SF
Sale Price: $349,000
In Opportunity Zone? Yes
Name of Establishment: Bravo Bistro
Year Business Established: 2010
Gross Revenue: $1,500,000 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Negotiable
Last Updated: 8/27/2019

Overview / Comments

Come view this successful 5,600 square foot beautifully built out Restaurant located at the corner of Washington and Empire Streets in Downtown Providence, RI. Located across the street from Trinity Rep Theatre, next door to AS 220, with great access and visibility.
The ground floor has main kitchen and bar, with seating for 86 people. The second floor overflow/banquet space has another bar and seating for 86, with large windows and lots of natural light. The basement is finished for storage, walk in cooler and prep kitchen with a hood system.
The main kitchen is fully equipped with two hood systems and plenty of space for food prep and service. An equipment list is available to interested parties.
This facility has plenty of capacity to expand business sales on and off premises, with banquet/party space and catering possibilities. Outdoor sidewalk cafe seating set up with additional service and seating.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
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
Real Estate Lease Description: 5,600 square foot turn key restaurant with extended long term lease.
Employee/Labor Description: Well trained and experienced staff
Competition/Market Description: Downtown Providence, RI continues to build market momentum with multiple new residential developments coming on line along with over 500,000 square feet of new office space and 3 new hotels.
Growth/Expansion Opportunities: The facility includes a second floor overflow/banquet/party space, basement level prep kitchen and outdoor seating.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 37,332 253,031 459,164
Median Age: 28.49 32.91 36.34
Households: 13,068 93,892 178,934
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