Asking Price: $195,000

Gross Revenue: $265,000

Gross Revenue Comments: Sales are trending up.

Cash Flow: $113,435

Inventory: $3,000 (Not Included in Asking Price)

Seller Financing: none

Located in the heart of the art community in Providence, this bar and grill restaurant has a terrific atmosphere. It is a casual and funky location with simple yet great tasting quality food. Minutes away from downtown Providence they offer their guests a large spacious bar, plenty of table seating, and a pool table. The business is also available for private functions during non-business hours to earn additional income.

Terrific opportunity to get started in an established bar and grill in downtown Providence. This bar also gets lots of business from local attractions such as the Providence Civic Center and Providence College.

The business is doing very well right now. Sales have been steadily climbing. The owners have established a really nice clientele and designed a delicious menu that is easy to prepare and low in cost.

The liquor license allows the bar to stay open until 2:00AM on Friday and Saturday. You can also increase revenues by opening for lunch as well. The owners have been operating the bar on an absentee basis.

Year Established: 1987

Employees: 5 full time -

Facilities: Has been run absentee. A full-time owner can do MUCH better. Gets business from Civic Center, PC and Columbus Theatre events.

Market Outlook and Competition: Open for lunch, bring in small parties and functions, develop more regular customers.

Management Training and Support: Sellers are willing to train the buyer.

Reason For Selling: Absentee owners have no time to handle the business since they own restaurants in other parts of RI.