Restaurant - Highly Motivated Seller - Clean, Busy
Location Rhode Island,United States
Asking Price Range < $250K
Gross Revenues $203000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2003
Number of Employees 4 - 5
Inventory 22458
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training Will train for 2 weeks @ $0 cost.
Reason for Sale Change of family circumstances leaves restaurant in need of new leadership.
Description This turnkey restaurant is a great find for an owner/operator who is looking to purchase a clean, high quality and well-established business from a group of highly motivated and dedicated partners. This restaurant is easily managed and has proven to be a profitable business. The restaurant is known locally for their trademark specialty wings (and hot sauces), as well as Philly cheese steaks, burgers, high quality deli sandwiches and much more. There is strong potential for growth coming from a multiple of revenue sources e.g. dine in, take out delivery, menu expansion, hour expansion and special events. The owners are willing to stay engaged while the new business owner transitions fully into the business. As part of the transition, they will provide their client list and recipes. There is plenty of growth upside for a new owner/operator.
Leased / 1600 sq ft in a small strip plaza. Busy traveled street/location. Located in a residential and commercial community, plenty of on-site parking. Potential for expansion exist. Office space.
Selling Price $54,900
For more information, contact Dan Morrison @ 401-415-8902
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