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Fine Olive Oil and Balsamic Vinegar Retail Business for Sale.
Located on the main street of historic Wickford Village, North Kingstown, RI, the business is 3 ½ years old and has consistent year round walk in patronage.
As customers browse the store they are welcome to sample small batch artisan olive oil and vinegars displayed in beautiful stainless steel “fusti’s”. Response to the products and the store atmosphere has been extremely positive.
It is a family owned business and generates annual revenue of between $120,000 and $140,000 with a significant potential for considerable growth for the right business minded buyer.
Due to recent personal events the family has decided to sell the business and seek other investment opportunities.
The business occupies approximately 950 square feet of leased space and the owner is willing to work with a buyer to help renew the existing lease or to assist with relocating the assets very quickly.
There are established vendor relations for the main products of olive oils and vinegars, a functioning WEB site and the point of sale software up and running to provide a seamless transition.
Strong collaborative relationships exist between the store owner and the North Kingstown Chamber of Commerce and the Wickford Village Association.
In 2011, the store was featured on Cox Cablevision’s local access station and in Dec, 2014 the products were featured on The Rhode Show’s “Best Holiday Gifts” segment.
The business has reached a positive cash flow position and the right buyer could grow the volume with motivation and drive. This includes furthering the distribution of products to local restaurants and farm stands.
The owner is willing to spend time to educate a new owner with the business knowledge they have gained as well as instructing them on the bottling and sealing process for the products. This would help to make any new owner stepping in to continue the current sales volume quickly and efficiently.
Washington County, RI
Successful, established and profitable restaurant in very desirable area.
Turn key restaurant opportunity. Seller financing available for qualified buyer. This is a great location to start, move or add to your existing food service operations. The cost to reproduce this business would be over three times the asking price! The market is yours for the taking if you can differentiate yourself among the competition. Quick action will allow you to enter the market before the busy holiday season. Don't hesitate act now!
Rhode Island is the smallest state in the union and that makes this Inn close to the variety of attractions the state has to offer. Newport is 15 minutes away and Narragansett Bay is close at hand. There are six golf courses in the area. The University of Rhode Island is a scant 20 minutes. Slightly beyond Rhode Island is Foxwoods Casino (30 minutes) as is Mystic Seaport in Connecticut.
This Inn offers 11 guest rooms, equipped with fireplaces and spa tubs. The Inn serves continental breakfast only and is directly across the street from a restaurant that serves breakfast, lunch and dinner! In addition to guest room income, the Inn has four retail spaces adding about $60,000 per year in rental income.
North Kingstown, RI
Block Island, RI
South Kingstown, RI
North Kingston, RI
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