OFF-MARKET-Restaurant for Sale & Liquor License – (South Kingstown, RI)

OFF-MARKET PRESENTLY

American Restaurant for Sale RI & Liquor License?   Yes, you heard right! This American Restaurant for sale, also has established a Liquor License, a very sought after license in the restaurant industry!

Why? Increased revenue and cross traffic.

In addition to increased business revenues, an established liquor license means the leg work has already been completed for you, the new business buyer!

• South Kingstown, RI (Washington County)
• Seller Financing Available
• Zip Code: 02879
• Asking Price: $225,000
• Cash Flow: N/A
• Gross Revenue: $240,000
• EBITDA: N/A
• FF&E: N/A
• Inventory: N/A
• Established: 2016

Restaurant for Sale – Business Description:

This restaurant business with liquor license, is an existing concept. At this time however, it is not firing on all cylinders.

This is a buyers find, and great business opportunity. Why?

Because this multi-unit operator has decided to let this pet project go.

Not just go, but go for a fraction of what was invested into the build out!

You heard right, the asking price is only a fraction of the investment cost! This price does not include all the time and energy put into the project.

This great business gem is, ready for expansion and new ownership! Are you ready?

Inside the American Restaurant for Sale, RI!

Suggested concept conversion to a breakfast/lunch type joint or bring your proprietary ideas and rebrand it as you see fit.

Take the glorious kitchen, fixtures, furniture and equipment and call this place your own flagship restaurant venue.

Solid relationship with the landlord should make a smooth lease assignment or we’ll facilitate securing a new lease in your name.

Experienced Seller/Intermediary team having already sold one concept in MA a few years ago.

Detailed Restaurant Business for Sale, RI:

• Employees: 4
• Facilities: Beautiful build out!
• Competition: Restaurant needs to be rebranded into a different concept. This will depend on the Buyer’s decision.
• Growth & Expansion: Local neighborhood feedback has been that a locals type breakfast/lunch type place would kill it.
• Financing: $175k Down, Balance at $1,359.66 Per Month for 40 Months Includes 5.0% Interest!
• Support & Training: As needed.
• Reason for Selling: Focus on other establishments.

Other Business Information & Resources:

According to the National Restaurant Association, the restaurant industry is $800 billion or 4% of the U.S. GDP. This explains why as of March 2018, the Restaurant industry has received a positive economic forecast.

In addition, 15.1 million people or 10% of the nations workforce is employed in the restaurant industry.

Find Business Information for Rhode Island 

Full package on file with ProNova Partners upon receipt of signed NDA.