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Business for Sale Summary [Non-Confidential]

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Providence County, RI

Business Type: seller financing available,special situations,distressed sales!,illness forces sale!,absentee business,new to market,retailing businesses,bar/tavern/night clubs,delicatessen/catering services,other eating & drinking places,pizza parlour,restaurant/ cafes

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Non-Confidencial Financial Infomation

  • Asking Price

    $175,000.00

  • Gross Revenues

    $468,030.00

  • Financing

    $ 125,000.00 Down and Seller will finance $50,000 (qualified buyers)

  • Owner's Cash Flow

    $77,560.00

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Business Description

Restaurant is now CLOSED, due to illness in family. Sales in 2008 $700k, 2008 $483k. This was a busy Italian restaurant in a very busy plaza in a affluent town. At one time employeed 20 part timers. First opened 3 years ago, top of the line, ALL stainless steel kitchen. Perfect location to leave as is, or convert into a sports bar (or any other restaurant), can handle any other high traffic eatery. Seats 100 in dining area and 20 in bar area. Awesome solid oak bar, with over $400,000 invested when opened up. 4 camera security system, needs NOTHING but a owner!

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