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

Bar / Restaurant For Lease - Thayer Street

Location  Rhode Island,United States
Asking Price Range  < $250K
Gross Revenues  $0
Net Profit / Cash Flow  $0
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  2002
Number of Employees  6 - 9
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Leased
Description  Premier Location in Providence on Thayer Street with heavy foot traffic. Adjacent to Brown University, RISD and other Providence landmarks. The space is suitable for many concepts. The landlord has taken the space back and is looking for a new tenant. He is offering the current furniture, fixtures & equipment package for $25,000 in Key Money. FACILITY: The space is approximately 2,500 square feet with newer leasehold improvements. CONDITION: Very functional layout and design. PARKING: There is street parking along with side street parking in the residential neighborhood. EQUIPMENT: The equipment has been well maintained and is of good quality. LEASE TERM: Five (5) years lease with one (1) option of five (5) years. RENT: Currently $7,200 monthly with 3% increases annually. CAM is approximately $250 monthly. TAXES: Taxes are approximately $1,299.88 per month. CONCEPT: Irish Pub & Restaurant SEATING: There is seating for 137 patrons inside. HOURS: Open from 10:00AM - 1:00PM. LICENSES: The Restaurant has a 1:00 AM liquor license ASKING PRICE: $25,000 (Purchases the Furniture Fixtures and Equipment)
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