Step into a thriving, profitable Newport, Rhode Island restaurant just in time for the upcoming busy season in one of New England's premier coastal destinations. A beer and wine license is already in place—an extremely valuable asset in Newport—providing immediate revenue opportunities and flexibility for a variety of concepts. This established, full service restaurant generates approximately $900,000 in annual sales and delivers an owner benefit of around $200,000, with the potential for even greater returns for an owner operator. Step into a turnkey, cash flowing business on day one with proven performance and immediate upside. This opportunity is ideal for a hands on operator, chef driven concept, or multi unit group looking to capitalize on Newport's powerful mix of tourism and year round local demand. With peak season approaching, a new owner can immediately benefit from increased foot traffic, strong reservation volume, and heightened visibility in a high performing hospitality market. SBA financing may be available for qualified buyers, making this an even more accessible opportunity with favorable lending terms.

The restaurant spans approximately 2,317 square feet and features seating for around 95 guests in a polished, well appointed dining room suited for elevated casual or upscale dining concepts. The space is fully built out and equipped with a commercial kitchen that includes ventilation, grease management systems, refrigeration, prep areas, warewashing, and ample storage. Designed for efficiency and consistent output, the layout supports both high volume service and a refined guest experience.

Monthly occupancy costs are approximately $6,500, offering a manageable structure for this strong coastal market. The current operating schedule focuses on evening service during the week with expanded hours on weekends, presenting clear opportunities for growth through brunch, lunch, late night offerings, private events, catering, and seasonal programming. A trained staff of approximately twenty employees supports operations during peak periods, allowing for a smooth transition and continuity of service.

Located in a vibrant coastal area known for its dining scene, tourism, and strong local base, the restaurant benefits from excellent visibility, proximity to lodging and attractions, and steady year round traffic. Additional upside exists through enhanced digital marketing, online reservations, delivery integration, curated events, and experiential dining offerings designed to maximize both guest frequency and average check.

The seller will provide training to ensure a seamless transition, including support with operations, vendor relationships, and systems. This is a rare opportunity to acquire a turnkey, cash flowing Newport restaurant with proven performance, strong infrastructure, and significant upside heading into the busiest time of year.