Diner & Creamery - Just Add Pizza!

Providence County, RI

Seller Financing Available
Diner & Creamery - Just Add Pizza!
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Asking Price: $300,000

Cash Flow: $74,600

Gross Revenue: $640,000

EBITDA: N/A

FF&E: $100,000

Inventory: N/A

Established: 1986

Diner & Creamery - Just Add Pizza!

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Business Description

Two businesses in one. Full service restaurant plus a creamery that is an institution in the area. Restaurant is presently set up as a 49 seat diner. Can be converted to fast casual or fast food service.There is a big void of pizza in the area, which would be a HUGE addition to the menu. Creamery operates seasonally and does over $80k per month in season and makes alot of money. The creamery business was started in 1986 and the restaurant side was started in 2012. Restaurant operates limited hours, which can easily be expanded. Must be seen to be appreciated. Seller is willing to do some financing for a qualified buyer.

Detailed Information

Location:
Providence County, RI
Employees:
4 FT/20 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Free standing building with ample parking. Space is 1,300 sq. ft. but is very compactly set up, so it seems larger. Very well equipped to accommodate virtually any menu. The creamery side has 5 outside windows to accommodate the big crowds. Excellent location on a busy road. Originally just a creamery, with the restaurant built out in 2012.
Competition:
Virtually no pizza is offered in the immediate area. The ice cream competition is a non factor. For the right Buyer, this is a monster opportunity.
Growth & Expansion:
Strengthen the menu of the restaurant. Expand hours Marketing Catering
Financing:
$150k down/$150k for 60 mos. @ 6%.
Support & Training:
Will train for 2 weeks @ $0 cost. Restaurant experience is strongly recommended. Menu development is needed to grow the restaurant side. Pizza is the category that would be a home run because of the void that exists. The Creamery side is fully developed and is a huge hit in the vicinity.
Reason for Selling:
Retirement.
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Ira Rashap

Business Listed By:
Ira Rashap

Murphy Business & Financial Corporation

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Sponsoring Broker:
Kevin Dougherty

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