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Businesses For Sale   >>   Rhode Island Businesses For Sale Categories   >>   

Very Hip Bar And Restaurant

Location  Rhode Island,United States
Asking Price Range  < $250K
Gross Revenues  $236000
Net Profit / Cash Flow  $51510
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2000
Number of Employees  6 - 9
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Leased
Reason for Sale  Other business interests.
Description  Location, Location, Location! Rare Opportunity to own a very hip restaurant & bar for sale in a busy location in Providence County, RI. This popular Bar & Eatery has it all, great cash flow, with a 60 foot oak bar with 30 stools, dining seats 55, total capacity 158, approved by fire marshals, all inspections are current. Cash Cow! Steady business and good reputation. Full professional kitchen with, ovens, fryer, freezers, refrigeration, lots of parking, plus more. Dining Room seating for 50. Pool room with 55'' flat screen televisions (''think sports Bar'') plus 36'' LCD, and several other TV's located in pool area. Premium sound system with DJ capabilities for nightly entertainment, clear away the tables for dancing and socializing or special events. 20% of sales are food, 80% alcohol, gaming commissions earn 50%. Most employee's work for tips which means low labor costs. Most customers pay cash/credit at the bar. Fully alarmed to call station. Current owner will assist transferring liquor license to a new owner who has a good background. 5 years on current lease, great landlord will give an additional lease options. Owner has several other businesses that need attention which makes this your opportunity for ownership.
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