Retail - Bars/Taverns | Retail - Restaurants

$Seller Financing Available

Asking Price	$1,395,000	Inventory	$2500**
Gross Income	$715,000	Real Estate	$925,000*
Cash Flow	$181,000	Year Established	1998
FF&E	$63,000*	Employees	11 seasonal

* included in the asking price

** not included in the asking price

Full bar and restaurant located on second floor of commercial building in major tourist area. Adjacent to ferries which create large group of tourists waiting to embark. Tenant income (four businesses on first floor) provides $110,000 income which can support much of debt service for new owner.

Facilities: 8,300 sq. ft. two story building on the docks major tourist area. 149 seat restaurant. +35 year very low cost land lease with State of Rhode Island. Real estate co-broke with Bud Latham, Prudential Gammons.

Competition: Hundreds of tourists waiting for ferries create ongoing demand in day. Locals and tourists fill the bar at night.

Growth/Expansion: Add high end coffee shop on first floor.

Seller Financing Available: Yes

Financing: $300,000 for three years @8%

Support/Training: Three weeks plus post-closing consulting available

Reason Selling: To Florida