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Bar & Restaurant
Location: United States -> Rhode Island -> Newport
Industry: Bars and Nightclubs > Bars and Pubs




Business Summary

''SALE PENDING''

A rare Newport opportunity! this restaurant/bar is a popular destination for locals and tourist both domestic and international.

Its diverse menu and fully stocked bar makes it a popular destination for casual, affordable cuisine. It also regularly hosts larger groups including clubs, sports and billiard leagues, and other groups and events.

The business enjoys a loyal, local customer base year-round, as well as guests from around the world during peak months of the year.

Facilities:
The business is located in a 3,000 SF facility on a major street in town. A long-term lease with options to extend in future years is available.

Growth/Opportunity:
This is a well-established, year-round business which would benefit from new owner energy and expanded investment in sales and marketing to enhance its position amongst bars and restaurants in the greater Newport market.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $647,506
Cash Flow:   $68,144
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $230,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1986
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  As needed for a smooth transition.
Reason For Selling:  Retirement

Photos

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Bar & Restaurant Photo 1




Print Listing Id: 700281984
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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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