Buy this profitable coastal Rhode Island Restaurant for Sale and step into a business with proven and verifiable success. Annual sales of approximately $900,000 generate an owner benefit of about $200,000, making this an attractive opportunity for a hands on operator, chef driven owner, or multi unit group seeking a strong coastal market supported by both local patrons and consistent tourism. If an owner operator were to take the helm, the owner benefit has the potential to be even higher due to reduced labor costs and increased day to day oversight. Offered exclusively by We Sell Restaurants, this fully equipped, full service restaurant qualifies seasoned buyers for SBA lending with approximately fifteen percent down. Buyer financial prequalification of at least $100,000 is requested prior to full disclosure.
This Restaurant for Sale occupies approximately 2,317 square feet and offers around 95 indoor seats within a polished, well appointed dining room suited for elevated casual or upscale concepts. The kitchen is fully built out with commercial ventilation, grease management, refrigeration, prep areas, ware washing, and ample storage, providing the infrastructure needed to maintain consistent volume and smooth execution. A sought after license to sell beer and wine is already in place, adding valuable revenue potential and operational flexibility.
Current monthly occupancy costs are approximately $6500, a manageable structure for the market and location. Current service hours focus on evenings during the week with expanded operations on weekends, giving a new owner several clear avenues for growth including lunch, brunch, late night service, catering, and private dining. During peak season, a trained staff of roughly twenty employees supports operations through defined roles and established systems that allow a new operator to transition seamlessly.
Located in a desirable coastal area known for its dining, tourism, and year round local activity, the restaurant benefits from strong visibility, convenient access, nearby lodging, and steady residential traffic. Opportunities exist to increase revenue through online reservations, targeted digital marketing, delivery partnerships, curated chef experiences, or expanded events that drive both frequency and average check.
The seller will provide two to four weeks of training to ensure a smooth transition, continuity of operations, and an organized handoff of vendor relationships, recipes, and systems. Take over a turnkey, cash flowing business on day one with an operation already generating an owner benefit of approximately $200,000, with even greater upside for an owner operator. SBA financing options may be available for qualified buyers seeking favorable terms. Contact We Sell Restaurants today!
Qualified, preapproved buyers are encouraged to inquire promptly.
By providing your phone number to We Sell Restaurants, you agree to receive text notifications.