Profitable Breakfast & Lunch Restaurant For Sale

Kingston, RI (Washington County)

Profitable Breakfast & Lunch Restaurant For Sale
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Asking Price: Get Financing: $109,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: $1 /SF/Month

Established: 2015

Profitable Breakfast & Lunch Restaurant For Sale

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Business Description

Priced to Move

Great turn key operation for someone looking to get into the restaunt business for the first time or a chef lookin got go out on their own. This is the premiere dining establishment located on the campus of Rhode Island’s largest university and easily accessible to non-university traffic. We are a profitable full serve breakfast & lunch restaurant that has been in business since 2015.

Hours of operation are 8am-2:30pm Tuesday – Sunday. We have a loyal, expanding customer base and a highly regarded brand recognition for quality, value & exceptional service. Profitability was achieved in year 2 & 3 and we are currently 4th year and on track to be profitable again.
This is not a business on the downside, 2018 sales are up versus same time period of 2017. This is a turn key operation that someone could assume ownership of, manage it with a small staff and be profitable.

Opportunities are plentiful for growth through, extended hours, delivery,allow invoicing for university faculty & staff, catering, private functions, providing home and visiting sports teams with pre-game & post game meals, offer dinner options and desserts.

We also have in place a first-class online presence with maximum exposure that also offers the ability to order online directly through the point of sale system thereby eliminating third party services and costs.

Detailed Information

Real Estate:
Leased
Building SF:
2,400
Lease Expiration:
12/31/2019
Employees:
5
Facilities:
The business is 2400 sq ft with two seperate adjoining dining rooms witht the ability to hold a private function while also accomodating walkin guests. Completely remodeled in 2015, all new refrigeration equipment, all equipment working at optimal performance. lots of storage space, large well equiped kichen with 1 True 60 inch megatop sandiwch prep tabe, brand new Tor-Rey 65 inch pizza prep table with two draws, new True upright freezer, large walkin unit, Miraclean 45 inch griddle, 2 fryolartors, 24 inch Star griddle and convection oven
Competition:
Located abutting the Univeristy of Rhode Island campus we are the only full service restaurant in the area and we have the largest seating capacity. The other food service locations are all fast food locations generally specializing in one type of fare whereas we offer a full line of breakfast items that are served all day and classic deli style sandwiches, wraps & salads.
Growth & Expansion:
Sales for 2018 are currently running 20% higher than 2017 while continuing to operate from 8 am - 2:30 pm. There is tremendous growth opportunity through various channels whtether it be just extending the hours, brining in new offerings such as dinner options and desserts, through catering services, private functions, promoting BYOB, providing meals for visiting sports teams, allow invoicing to the university which can bring in a significant amount of additional revenue.
Support & Training:
2 weeks on-site training available plus 1 month of off-site support
Reason for Selling:
Relocating back to Florida
Business Website:
http://www.miaskitchenri.com
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Business Listed By:
Mia Rao

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