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Seafood Restaurant And Pub
Location: United States -> Rhode Island
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Long Established and well known Seafood Restaurant for sale. This excellent property has a long history of success. Spacious and inviting dining area with a large bar that leads onto the 40 plus seat patio, There is a very profitable takeout window that serves high quality ice cream, seafood and burgers in warmer months Lots of outdoor seating for patrons to enjoy an ice cream or some of their famous seafood. This property is located on a very well-traveled road and is minutes away from popular campgrounds. This landmark restaurant is a must see opportunity the absentee seller may offer some financing to qualified buyers.

ASKING PRICE: $199,000 (for the business) $599,000 (for business and real estate)

PARKING: Plenty of Private parking

EQUIPMENT: The equipment is in good condition and has been well maintained and is of good quality.

LEASE TERM: Five (5) years with options

BASE RENT: $3,000 per month (Plus triple nets)

CONCEPT: Seafood Restaurant Pub with Seasonal Take-out window

SEATING: Capacity of 200 persons

SIZE: 5,000 square feet

HOURS: Open from 11:30 AM - 1:00 AM

LICENSES: Full Liquor and Entertainment (1:00 AM)

SALES: $760,000 historically as high as 1.2M

Cash Flow: $124,000

ASKING PRICE: $199,000 (for the business) $599,000 (for business and real estate)

For More information please contact Corbett Restaurant Group 617-948-3394.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $760,000
Cash Flow:   $124,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  1994
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Yes

Photos

View Larger Photo(s) Of Business
Seafood Restaurant And Pub Photo 1




Print Listing Id: 700223482
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

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



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