Beautiful upscale casual dining restaurant that offers a good Bar scene with great food. The site enjoys a growing and profitable business with a cash flow of approximately $225,000 annually. This offers a new buyer a truly turn-key opportunity with a desirable client base and expansion possibilities. Seller financing available with $50% down.
SALES: The sales are approximately $982,000 annually.
CASH FLOW: The cash flow is approximately $225,000 annually.
PRICE: The asking price for the business is $405,000. Financing available with 50% down.
FACILITY: Beautifully built-out restaurant, 3,200 square foot single story facility that consists of a large dinning area, bar, large kitchen, office and bathrooms. A $35,000 bar is being added to the facility.
CONDITION: The building and facility are in excellent condition. The build-out is beautiful and the space has a very functional layout and design.
SEATING: There is seating for 89 persons in the restaurant with an additional 25 seats on the outdoor patio.
PARKING: There is more than enough parking. The plaza has hundreds of parking spots.
EQUIPMENT: The equipment is in excellent condition and has been well maintained and is of good quality. They have POS and Security camera systems.
LEASE TERM: There is a five (5) year lease with two five (5) year renewals.
BASE RENT: The rent is approximately $33,600 annually plus NNN (approximately $500)
CONCEPT: The concept is an upscale casual dining restaurant that offers a good Bar scene with great food and service.
LICENSES: Full Liquor License, Entertainment licenses (live music) & Common Victualler.
HOURS: Open from 11:30 AM- 9:00 PM Monday – 10:00 PM Friday & Saturday Closed on Sundays.
SALES: The sales are approximately $982,000 annually.
CASH FLOW: The cash flow is approximately $225,000 annually.
PRICE: The asking price for the business is $405,000. Financing available with 50% down.
For More information please contact Corbett Restaurant Group 617-948-3394
To see all of our listings visit our website: www.CorbettRestaurantGroup.com
Location: Providence County
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