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High Grossing Italian Restaurant and Bar

Coventry, Rhode Island (Kent County)

Retail - Restaurants | Retail - Bars/Taverns

Asking Price $1,150,000 Inventory $2,000** 
Gross Income $1,100,000 Real Estate $875,000* 
Cash Flow $165,000 Year Established 2005
FF&E $73,000* Employees 16

* included in the asking price

** not included in the asking price

Restaurant and bar. High gross with profits driven by high-margin bar business. Summertime outdoor dining. Much parking near busy intersection. Price includes appraised real estate of $875,000. Price recently reduce 30% and now very competively priced for asset play and investment return.

Facilities: Two story Italian restaurant with outdoor bar and dining area. Curving cocktail bar is spectacular with dark wood and free-flowing environment. Over 8,000 above grade and another 3,000 sq. ft. below grade. 268 seats inside plus 150 more outside. Big and busy.

Competition: This is the highest grossing restaurant within five miles.

Growth/Expansion: Target major local corporate accounts.

Financing: Some seller financing for credit worthy buyer

Support/Training: Three weeks or as required

Reason Selling: New career direction offshore.

Business For Sale By

Robert Flynn

4017440320

United Brokers Group

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