Sports Bar & Restaurant With Real Estate Available
Location:
United States
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Rhode Island
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Providence County
Industry: Bars and Nightclubs > Bars and Pubs
Business Summary
This is the perfect neighborhood Sports Bar and Restaurant for sale. This is a modern facility is located in Providence County and has full liquor & Entertainment licenses. This site has great growth potential and a history of strong sales. A stronger focus on alcohol sales would grow the top and bottom lines significantly. The business is for sale and the Real Estate is also available. The Seller is also willing to offer an option on the Real Estate.
FACILITY: The space is approximately 3,200 square feet; the facility consists of a bar area with a long bar and a large dining room. The Bar/Restaurant has a very functional layout that is ideal for a Sports Bar and or Restaurant concept.
CONDITION: The building and restaurant are in very good condition.
PARKING: Private lot and plenty of free on street parking
EQUIPMENT: The equipment has been well maintained and is of good quality.
LEASE TERM: Five (5) year lease with two Five (5) year options.
BASE RENT: $3,500 per month NNN
CONCEPT: Sports Bar & Restaurant
SEATING: 82 seats
HOURS: 8:00AM -12:00AM
LICENSES: Full Liquor & Entertainment Licenses (Live Music, Gaming, Keno)
SALES: Approximately $580,000 in 2008 (65% Food 35% Alcohol)
REAL ESTATE: The Real Estate is also available please call for more information
CASH FLOW: $55,000
ASKING PRICE: $225,000 for the Business alone
Financials
Asking Price Range: < $250K
Gross Revenues:
$580,000
Cash Flow:
$55,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $10,000
Seller Financing: Yes
About The Business
Year Established: 2006
Number of Employees: 6 - 9
Relocatable: No
Franchise: No
Current Real Estate: Owned
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 Bars and Nightclubs > Bars and Pubs business for sale.
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Print Listing Id: 700110818
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