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Pizza Business-Profitable-Beer and Wine License Just Approved

East Greenwich, RI (Kent County)

Pizza Business-Profitable-Beer and Wine License Just Approved
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Asking Price: $199,000

Cash Flow: $80,000

Gross Revenue: $292,286

EBITDA: N/A

FF&E: N/A

Inventory: $1,000

Rent: $2,672 /Month

Established: 2005

Pizza Business-Profitable-Beer and Wine License Just Approved

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Business Description

Pizzeria and Italian restaurant. Twenty seven seats. Very presentable with much parking. Located outside tourist town on main road to major industrial park. Town recently approved this business for a Class B Beer and Wine license. Four drivers. Located in top retail location. Family owned and managed for fifteen years. CPA prepared financial statements.

Adjusted earnings of $80,000 estimated by owner and not verified by United Brokers Group LLC.

Asking price is $199,000 (low multiple) plus ten percent of beer and wine sales for three years post closing.

Detailed Information

Location:
East Greenwich, RI
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
N/A
Employees:
3 FT, 9 PT
Facilities:
1500 SF single story corner unit of ten unit retail plaza.
Competition:
Similar business models generally lacking beer and wine license.
Growth & Expansion:
Grow beer and wine, leverage the Class B license. Major residential development within steps of this location will add 500 plus potential new customers.
Support & Training:
Two weeks. Open to longer term consulting 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).

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