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Bar / Nightclub / Restaurant For Sale
Location: United States -> Rhode Island -> Newport County
Industry: Bars and Nightclubs > Other Bars and Nightclubs

Business Summary

Well established bar/nightclub/restaurant for sale. Business has been in existence for over 50 years. Present owner has owned for over 5 yrs. Nice location across the from the water in Portsmouth, RI. Open 7 days a week. 11:30am-1am. Local pub serving lunch and dinner. Stage w/ sound and lighting for entertainment. Karaoke every Thursday. Live bands/DJ every weekend. Nice game area and TV's throughout. 2800 s.f. building w/ 200 person capacity. 2 bedroom apartment on 2nd floor. Good year round business. Owner relocating. Business only can be purchased for $49,900 w/ negotiable lease terms - Business and real estate $387,900. 702-521-0369


Asking Price Range:  < $250K
Gross Revenues:   $467,062
Cash Flow:   $299,047
Cash Flow Type:  EBITDA
Inventory:  80K
Seller Financing:  Not Disclosed

About The Business

Year Established:  1960
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Yes
Reason For Selling:  owner relocating


View Larger Photo(s) Of Business
Bar / Nightclub / Restaurant For Sale Photo 1 Bar / Nightclub / Restaurant For Sale Photo 2 Bar / Nightclub / Restaurant For Sale Photo 3

Print Listing Id: 700183605
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Related Searches: Bars and Pubs  >  Nightclubs  >  Other Bars and Nightclubs  > 

Also See: Franchise Opportunities > Franchise Resales > Rhode Island Businesses For Sale > Rhode Island Franchises For Sale > Rhode Island Business Brokers

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