Turn-Key Profitable Full Service Restaurant

South Kingstown, RI (Washington County)

Turn-Key Profitable Full Service Restaurant
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Asking Price: $79,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $2,400 /Month

Established: 2015

Turn-Key Profitable Full Service Restaurant

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Business Description

Mia’s Kitchen was established in 2015 and has been growing each year since. Located in the Emporium on the busy campus of the University of Rhode Island, Mia’s is known for its quality food, exceptional service and great value. It has a loyal and ever expanding customer base that considers it as the premiere full service dining establishment on campus. It is the only full service restaurant in the area and has the largest seating capacity. It occupies 2400 square feet including 2 adjoining dining rooms which currently seat 64 guests. With the two dining rooms you have the ability to hold a private function while still accommodating walk-in guests. In the kitchen you will find all state of the art equipment along with plenty of storage and refrigeration. In 2015 Mia’s was completely remodeled including new kitchen equipment and refrigeration. Currently it is open from 8am – 2:30pm Tuesday thru Sunday. Breakfast is served all day and classic deli style sandwiches and fresh wraps & salads are served at lunch. Mia’s also boasts a first class online presence with maximum exposure. It offers the ability for guests to order online directly through its own point of sale system thereby eliminating third party service costs. Whether you are looking to get into the restaurant business, are a chef looking to go out on your own, or are already in the business and looking to expand Mia’s Kitchen is a fantastic turn-key opportunity. You can walk right into an established well known and profitable restaurant with opportunity for growth.

Detailed Information

Real Estate:
Leased
Building SF:
2,400
Lease Expiration:
N/A
Employees:
5
Competition:
Located in the Emporium on the campus of The University of Rhode Island (URI). URI has over 18,000 students, over 1100 faculty members and over 1900 staff. It is also easily accessible to non-university customers. The total population within 5 miles is over 48,000. Mia’s is the only full service restaurant in the area and has the largest seating capacity.
Growth & Expansion:
Since its inception Mia’s sales have increased year over year. Sales for 2018 are up 20% from 2017 while maintaining the same hours of operation. There is tremendous growth opportunity through various channels. Whether it be just extending the hours of operation to include dinner and desserts, offering catering services, promoting private functions & events, providing meals for visiting sports teams, allowing invoicing directly to the university. There truly are many avenues to grow and increase revenue.
Support & Training:
Current ownership will remain onsite for 2 weeks to train new owners and staff. They will also continue to offer 1 month of off-site support.
Reason for Selling:
Relocating
Business Website:
http://miaskitchenri.com
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Chad Dupuis

Business Listed By:
Chad Dupuis

Coldwell Banker

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