Established East Side Restuarant For Sale

Providence, RI (Providence County)

Seller Financing Available
lounge Area

Asking Price:$275,000

Cash Flow:$110,000

Gross Revenue:$780,000

EBITDA:N/A

FF&E:$220,000

Inventory:$20,000*

Established:2011

*not included in asking price.

Established East Side Restuarant For Sale

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Business Description

Great opportunity to purchase an established restaurant in the very desirable east side of Providence. This is a destination location with great demographics that support a very lucrative restaurant trade. If you have the right concept and facilities this location is a guaranteed winner. Walking into a turn-key operating restaurant with a loyal customer base is just the beginning of a winning formula that could create a substantial return on investment over the short and long term. Don't hesitate to move on this exceptional business opportunity because it won't last long. Call for your private showing now!!!

Detailed Information

Inventory:
Not included in asking price
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Recently renovated 3000 sq. ft. full service restaurant with bar/lounge. Includes, furniture, fixtures & equipment, proprietary recipes and operating procedures, business name, telephone numbers and long term lease.
Competition:
Competition is abundant in this providence east side area but it is also densely populated and a destination location for customers looking for great restaurants. The demographics of the area indicate a higher discretionary income level which contributes to higher check averages and lots of repeat business if patrons like your establishment.
Growth & Expansion:
The current owner has spent a tremendous amount of time cultivating a loyal client base but there is plenty of room for sales growth with the implementation of a consistent marketing and promotional campaign. The owner also spends most of his time on the daily operational side of the business which makes it difficult to focus on external activities necessary to grow the business. The east side of Providence is home to Brown University and RI School of Design which attracts students and their families from all over the world. These are customers which typically have above average incomes and are ready and willing to spend their money to obtain great food and beverages. The savvy restaurant operator knows that growth comes from differentiating themselves in the market. If you can do this along with providing a great venue, food, beverages and service, the exponential growth of this exceptional eatery is almost guaranteed.
Financing:
Available to qualified buyer with minimum 150K down payment
Support & Training:
Available and negotiable. Typically will run concurrently with due diligence period.
Reason for Selling:
Other business interests.

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Alexander J. Biliouris

Business Listed By:
Alexander J. Biliouris

Alli Realty, LLP, d/b/a, Keller Williams Next Move Realty

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