Irish Bar-Profitable-Reduced Price-Real Estate Option

Providence, RI (Providence County)

Irish Bar-Profitable-Reduced Price-Real Estate Option
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Asking Price: $320,000

Cash Flow: $140,000

Gross Revenue: $377,385

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Irish Bar-Profitable-Reduced Price-Real Estate Option

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Business Description

Several decades of profitable operation. Quasi-passive investment for owners. 80% liquor/20% food mix. Bands or karaoke weekly. Pool competitions also contribute to sales and loyal customer base. Lotto commissions approximately $30,000.

Next to municipal government office.

Owner operator can reduce overheads by active role. Opportunities to increase margins and sales include new menu and price point strategy including adding pizza.

Good quality financial statements with verifiable income.

Stable staff, loyal client base support this winnng bar business model.

Detailed Information

Location:
Providence, RI
Employees:
8
Facilities:
Two story Irish bar with food service. Over fifty parking spaces.
Competition:
No direct competitor in this geographic market.
Growth & Expansion:
Create new food strategy including offering pizza and high margin bar food.
Support & Training:
Equivalent of two week management transition. Owner willing to consult thereafter subject to agreement.
Reason for Selling:
Retirement
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Robert Flynn

Business Listed By:
Robert Flynn

United Brokers Group LLC

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Memberships & Certifications:
Indicates membership in The New England Business Brokers Association (NEBBA).

Listing Statistics

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Demographic Information

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