New Local Hotspot - Real Estate Available
www.GlobalBX.com
Listing ID:
700261999
Listing Title:
New Local Hotspot - Real Estate Available
Quick Link:
http://www.globalbx.com/listing.asp?bId=261999
Industry:
Food and Beverage
Industry Segment:
Restaurants and Fast Food (Non-Franchise)
Country:
United States
State / Province:
Rhode Island
Area
City:
Asking Price Range:
$250K - $500K
Gross Revenues:
$600,000
Cash Flow:
Seller Will Provide
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
2015
Number of Employees:
6 - 9
Business Description:
Newly built establishment is part of a new and large growing trend of upscale Hamburger Restaurants. Located on a busy high traffic road. During the day and evening, it has a family style feel that seats approx. 75 persons, serving milkshakes to the kids and alcohol to the adults. The lovely large outside patio has the look and feel of an Italian Bistro. Live music, DJ, or Karaoke 7 night a week. Divorce forces the sale. The Real Estate is Available for sale as well!
PARKING: On street and public and private lots
EQUIPMENT: The equipment is brand new and valued at 400K
LEASE TERM: To be negotiated. The building may be purchased.
BASE RENT: To be negotiated
CONCEPT: Restaurant/Bar
SEATING: Capacity of 150 inside, 50 on patio
SIZE: 4, 000 square feet plus 720 square foot patio
HOURS: Open from 11:00-12:00 M-T. Fri-Sat 11:00-1:00 Sun 11:00-12:00
LICENSES: Full Liquor and Entertainment licenses
SALES: $600,000 ($50,000 per month. Opened in Sep 2015)
ASKING PRICE: $395,000 (For the assets of the Business) with option to purchase the Real Estate
For More information please contact Corbett Restaurant Group 617-948-3394
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