Specialty Restaurant - Business Only

Undisclosed Address, Middletown, RI 02842
Business Opportunity for Sale
Catylist Listing ID: 30378259
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $230,000
Year Business Established: 1990
Gross Revenue: $350,000 (Annual)
Cash Flow: $0 (Annual)
Last Updated: 9/15/2019

Overview / Comments

Established specialty restaurant with clientele in place. Located on high traveled road known to locals and tourists alike. With 80 seats, making it for a suitable opportunity to own your own restaurant.
Location✅
Lease in place✅
Clientele✅
High visibility✅
Year round operation✅

Additional Details

Industry Segment: Restaurants
Reason for Selling: Retirement
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: 3 years remain with a 5-10 option
Employee/Labor Description: 5
Mgmt/Training Support Description: Possible training
Competition/Market Description: Exclusive in the area
Growth/Expansion Opportunities: Possible
Seller Financing Description: Optional

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,393 39,379 52,119
Median Age: 46.73 41.03 41.49
Households: 2,709 17,134 21,942

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