Established and growing 5 Star NY Deli and Cafe

North Kingstown, RI (Washington County)

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Asking Price: Get Financing: $75,000

Cash Flow: N/A

Gross Revenue: $550,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: $1.25 /SF/Month

Established: 2016

Established and growing 5 Star NY Deli and Cafe

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Business Description

Perfect Opportunity to be part of a sucessful business!

The Provisioner NY Deli and Café is in North Kingstown, RI, nestled in a bustling commons between the historic village of Wickford and the expansive Quonset Business Park which is currently host to over 250 business and over 25,00 workers at any given time.
The Provisioner is currently in its 3rd year of operation and has experienced rapid double- digit growth year over year and has exceeded expectations year over year. With revenues projected over $500K for 2018, The Provisioner will continue to grow with projections modeled to $1M in top line sales over the next two years.
With 11 employees, all trained at a high level of proficiency, The Provisioner offers a 5 Star deli experience, BEER AND WINE LICENSE. cost managed controllable expenses, a loyal and strong customer base as well as a menu offering that has solid performers from the top down and strong relationships within the town.
The Provisioner NY Deli and Café features a menu that is approx. 80% scratch made and all orders are made to order. The chef’s move at a fast pace and the orders are completed quickly which allows our guests to enjoy restaurant quality food on a sandwich in a relatively short amount of time. We are one of RI’s most sought-after eateries, certainly locally and on the weekends, we attract from ALL parts of the state.
The Provisioner features a 5 Star rating on social media including Facebook, Yelp, Google and Trip Advisor with well over 2000 followers between Facebook and Instagram. We have been featured in the Providence Journal, RI Monthly, edible RI, SO Rhode Island and South County News and we were awarded the “Rising Star” award from the North Kingstown Chamber of Commerce.
The Provisioner features established social media pages, strong brand recognition and market product differentiation as well as a maintained and fully functioning web site.
If you are seeking a proven concept with multiple market differentiators, scalability, consistency and a turn key operation, please contact us for more details.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
6/1/2021
Employees:
11
Facilities:
The Provisioner is in a high traffic, very stable commons on Post Rd. We are anchored by Newport Creamery who are an established eatery throughout Rhode Island as well as other established and different eateries and salons. Our location is 1500 square feet, with an open kitchen concept, industrial design with seating (up to 40 inside and 25 people outside) and comes with a BEER and WINE License for both inside and outside. Plenty of free parking and certainly room to expand the location if need be.
Competition:
The market in the immediate area is both commercial and residential. Without getting into specific demographics, our target customer is all genders between 18-65+, all incomes and so on. Currently the Quonset Business Park represents a great opportunity with over 250 business and approx. 25,000 people on site at any given time. Locally there are new construction high end housing developments going in as well as the established surrounding communities that are high income, stable neighborhoods.
Growth & Expansion:
There is immediate growth potential just by adding hours and an extra day. Currently hours of operation do not include Sunday, which immediately would add +10% to the overall sales numbers. I see no downside to expanding the business. Multiple locations are part of the 5-year plan with the right management.
Support & Training:
Currently all staff is full trained and are extremely proficient at their jobs. Upon completion of the sale, previous ownership will provide a window of training for the new ownership to ramp up and get comfortable with the business. That would include vendor relationships, POS training, sales analysis and product production.
Reason for Selling:
Currently I have other business interests that are non- competing, however requi
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Business Listed By:
MICHAEL GABRIEL

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