Bar / Nightclub / Restaurant For Sale
Location Rhode Island,United States
Asking Price Range < $250K
Gross Revenues $467062
Net Profit / Cash Flow $299047
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1960
Number of Employees 6 - 9
Inventory 80K
Relocatable No
Number of Employees 6 - 9
Real Estate Owned
Training Yes
Reason for Sale owner relocating
Description Well established bar/nightclub/restaurant for sale. Business has been in existence for over 50 years. Present owner has owned for over 5 yrs. Nice location across the from the water in Portsmouth, RI. Open 7 days a week. 11:30am-1am. Local pub serving lunch and dinner. Stage w/ sound and lighting for entertainment. Karaoke every Thursday. Live bands/DJ every weekend. Nice game area and TV's throughout. 2800 s.f. building w/ 200 person capacity. 2 bedroom apartment on 2nd floor. Good year round business. Owner relocating. Business only can be purchased for $49,900 w/ negotiable lease terms - Business and real estate $387,900. 702-521-0369
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