Pizzeria & Grill With Ice Cream Real Estate Available
Location:
United States
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Rhode Island
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Kent County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
This newly renovated shop is located in Kent County RI and serves a full menu along with Ice Cream and also has retail potential for beer & wine sales. Sales are growing; weekly sales are $3,000 per week with a net profit of $1,500 per week. The business has only begun to be developed so there is excellent growth potential in every aspect of the business. The owner of the store renovated the facility a few months ago and realized he does not enjoy operating a restaurant. An experienced operator could take this to the next level very easily.
FACILITY: This is a standalone building; the space is approximately 2,850 square feet with new equipment and recent leasehold improvements. It presently has the capacity for 50 seats or less.
CONDITION: Store has been recently renovated and is in good condition.
PARKING: Plenty of parking.
EQUIPMENT: The equipment is new and has been well maintained and is of good quality. All equipment is included in the price.
LEASE TERM: Five (5) years remaining on the lease with one five (5) year option.
BASE RENT: $1,000 per month
SEATING: It is licensed for 50 seats or less
HOURS: 10:30AM 10:30PM
LICENSES: Common Victualls (Has also had Beer & Wine license in the past)
SALES: Approximately $3,000 per week
CASH FLOW: Approximately $1,500 per week
REAL ESTATE: The Real Estate is also for sale please contact for details
PRICE: $69,000 for the Business only
Contact for more information on this Pizzeria & Grill for sale.
Financials
Asking Price Range: < $250K
Gross Revenues:
$156,000
Cash Flow:
$78,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $60,000
Seller Financing: Yes
About The Business
Year Established: 2009
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Sale
About The Sale
Management Training and Support: Training will be provided.
Reason For Selling: Other interests.
Photos
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Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
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Print Listing Id: 700110706
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