Restaurant-Motivated Owners-50% SELLER FINANCING

Providence, RI (Providence County)

Seller Financing Available
Restaurant-Motivated Owners-50% SELLER FINANCING
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Asking Price: Get Financing: $245,000

Cash Flow: $84,661

Gross Revenue: $703,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: $4,260 /Month

Established: 1970

Restaurant-Motivated Owners-50% SELLER FINANCING

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Business Description

Profitable and successful restaurant owned and managed by same family for over forty years. Twenty two seats. Verifiable annual revenues exceed $700,000. Seventy five percent of purchases are on credit card. Deli restaurant business model.

Fifty percent Seller financing may be available for credit strong Buyer. Must be fully guaranteed by Buyer.

"People buy with their eyes" which makes this well organized, very clean, and free flowing business very attractive.

Wide range of deli meats, broad cheese selection, sauces, and some kosher food products.

Major deli products include cooked Breaded Chicken Cutlets, Rotisserie Chickens, BBQ wings, Eggplant, and Roasted Peppers.

Sausage menu includes chicken, veal and pork sausage.

Party catering is offered to local corporate, municipal, and private clients.

Growth opportunities include online ordering and accepting smart phone (applications) order functionality. Can also add BYOB, expand operating hours, and grow coffee revenues.

Detailed Information

Real Estate:
Leased
Building SF:
3,600
Lease Expiration:
N/A
Employees:
6
Facilities:
Two story center unit of busy strip mall located near major schools and town offices.
Competition:
No similar business model within eight miles.
Growth & Expansion:
Add on line order capabilities, smart phone ordering apps, expand hours, and BYOB or beer and wine license.
Financing:
20% for credit strong Buyer, must be guaranteed
Support & Training:
Two weeks and then willing to consult. One family member may be willing to remain on after closing subject to definitive agreement.
Reason for Selling:
Retirement
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Contact the Seller

(from currently available funds)
 
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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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