Masthead Grille and Creamery

Warwick, RI (Kent County)

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Asking Price: Get Financing: $549,900

Cash Flow: N/A

Gross Revenue: $233,000


FF&E: $100,000

Inventory: N/A

Real Estate: $225,000

Established: 2007

Masthead Grille and Creamery

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Business Description

This property offers a great opportunity for the right buyer. Totally renovated several years ago. Great location and property. Owner has over $1 million dollars into this property. Rental income from apartment upstairs. Full basement and office . Make an offer! As of 9/5/17 the restaurant has closed . Ideal for pizza , Asian , or other specialty type business. All equipment to remain.

Detailed Information

Included in asking price
Real Estate:
Included in asking price
Building SF:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
This property is like new. Property was added on to and completely rehabbed in 2007. It has a large rentable apartment upstairs that is currently used by an employee. Could be rented or used for employees. Market value of apartment should be $1100-$1200 no utilities. The property is a 2 minute walk to the Bay. Located on busy Rt 1. near the East Greenwich Line. Last used as a breakfast / lunch . Open a few nights a week for dinner. (Home Based)
Town of east Greenwich has difficult parking. Brewers marina's just a short walk down the hill. Hi disposable income location. Some water views.
Growth & Expansion:
Proper management will yield results. Was operated by an absentee owner prior.
Support & Training:
will train
Reason for Selling:
retiring and travel
This business is Home-Based
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Don Morash

Business Listed By:
Don Morash

Abbott Properties

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