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Major Italian Restaurant

Narragansett, Rhode Island (Newport County)

Retail - Restaurants | Retail - Bars/Taverns

Asking Price $875,000 Inventory $2,000* 
Gross Income $479,550 Real Estate $532,000* 
Cash Flow $146,000 Year Established 1985
FF&E $51,000* Employees 11

* included in the asking price

** not included in the asking price

Long profitable operating history with over $146,000 in owners recast income with annual revenues averaging +$500,00 in past three years. Real estate via licensed broker at this mainstay restaurant. Price points perfect for this economy. Perfect for family operation. Near beaches.

Facilities: Eighty seat Italian restaurant and bar. Three levels of dining, storage, prep, and office area. 5,100 sq.ft. Recent upgrades. Central location.

Growth/Expansion: Dominant family restaurant in this town.

Support/Training: One month. Consult thereafter

Reason Selling: Retirement

Business For Sale By

Robert Flynn

4017440320

United Brokers Group

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