Growing Sports Bar with Property

Providence County, RI

Growing Sports Bar with Property

Asking Price:$899,000

Cash Flow:$115,366

Gross Revenue:$451,387

EBITDA:N/A

FF&E:$249,000

Inventory:$15,000*

Real Estate:$650,000

Established:2015

*not included in asking price.

Growing Sports Bar with Property

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Business Description

Owner's time is split between this and another different type business. Only open one year! Great location on a busy street. Full Liquor License. Furniture, Fixtures & Equipment only one year old. Selling property with the business. Sales and Profits are growing. Both Entertainment and Occupancy licenses are for 50 plus people.
The bar/restaurant needs full time management. Great facility with seating for 145 plus.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
3,380
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The building is being sold with the business. The lot is 17,290 square feet and the building is 3,380 square feet with paved parking. The furniture, fixtures & equipment were new September 2015. This includes 2 bars with seating for 70 plus dining seating for 75. The facility is attractive and well appointed.
Competition:
Average competition.
Growth & Expansion:
The owner is split between two businesses and has personal problems. This is a good opportunity for a working owner or strong manager.
Support & Training:
Whatever is needed.
Reason for Selling:
Personal problems.

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Joe Squizzero

Business Listed By:
Joe Squizzero

Squizzero & Associates

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