Prime Location on Federal Hill

Asking Price$199,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$1,000,000

Inventory$25,000
Included in asking price
FF&E$120,000
Included in asking price
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Prime Location on Federal Hill


Asking Price$199,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$1,000,000

Inventory$25,000
Included in asking price
FF&E$120,000
Included in asking price
Business Description
Looking for a turn key restaurant in a prime location? Look no further this restaurant holds 89 people inside and 50 with outside patio seating. We are in a prime location five minutes from convention center, amica mutual pavilion, ppac & downtown. Federal Hill being its own food hub in itself with multiple street fairs and summer events. It is a very busy area.

Rent is 7500/M NNN. 3 years left on lease with 3 year option. 20 employees. Currently doing 20k a week. 20-30k in summer months. Liquor license has just been renewed and is good until December 1 2026. All inspections have just been completed with the liquor license renewal. Fire, building, electrical, plumbing, CITY. Victual license. For this price, you can’t even open a restaurant in Providence. THIS WILL SELL FAST

Contact owner by phone or text in link below.
About the Business
Years in Operation
1
Employees
20 (20 Full-time)
Facilities & Assets
Full kitchen build out, brand new bar build out, new dining room build out, everything is new and in perfect working condition
Market Outlook / Competition
Busy area, booming street. PRIME LOCATION
Opportunities for Growth
Sales can always be grown
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
4,900
Rent
$7,500.00 per month
Lease Expiration
3/8/2029
About the Sale
Seller Motivation
Relocating
Transition Support
1 month support
Financing Options
No Financing
Listing Info
ID
2448217
Listing Views

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Business Listed by: Gian Ranucci

Listing ID: 2448217 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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