Landmark Breakfast Lunch Business For Sale!

Warwick, RI (Kent County)

Seller Financing Available
Kitchen Area
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Asking Price: Get Financing: $275,000

Cash Flow: $191,000

Gross Revenue: $625,000

EBITDA: N/A

FF&E: $50,000

Inventory: N/A

Established: 1965

Landmark Breakfast Lunch Business For Sale!

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Business Description

Landmark Breakfast Lunch in Central RI For Sale!

Cash Cow landmark breakfast lunch restaurant in central Rhode Island. This eatery has been serving the area in the same location for over 50 years. It has created a very loyal customer base that just can't get enough of the quality food and exceptional service it is well known for. It's the type of establishment where everyone knows your name and you know the food quality and service is so consistent you just can't wait to come back for more.

The timing is right for a new generation to take the helm and continue to grow this very successful business enterprise that has been so rewarding to the present owners.

It is an opportunity that only comes around once in a life time for the right person. Not only can you enjoy a rewarding career in the restaurant business but you can also have a life! If you're qualified, call now for your exclusive and very private showing!

Detailed Information

Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This well established and very successful breakfast lunch is located in a free standing building. This location provides parking for over 50 vehicles, has great visibility and easy ingress and egress. All of the furniture, Fixtures and equipment are in excellent condition and very well maintained. There is seating for over 49 patrons and the operation provides for dine in as well as take out service. The building is owned by the same family so they are willing to negotiate a long term lease with a possible lease purchase deal on the property.
Competition:
While there is some competition in the area for this market segment, this established and well respected eatery enjoys a stellar reputation for providing quality food and beverages at reasonable prices and excellent service. As a result, their loyal patron of fans are always banging down the door and standing in line to visit this landmark restaurant.
Growth & Expansion:
For years, word of mouth has been the primary vehicle behind the success of this establishment. The owners have trained their loyal customers to visit them on their terms but hours of operation could be expanded slightly which could result in exponential sales growth. The name itself could present an opportunity for location and franchise expansion.
Financing:
Available to qualified buyer with minimum 100K down payment
Support & Training:
Available and negotiable. Owners willing to stay on for an agreed upon period to facilitate a smooth transition.
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(from currently available funds)
 
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Alexander J. Biliouris

Business Listed By:
Alex Biliouris

Alli Realty, LLP, d/b/a, Keller Williams Next Move Realty

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