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Businesses For Sale   >>   Absentee Businesses For Sale   

Seafood Restaurant And Pub

Location  Rhode Island,United States
Asking Price Range  < $250K
Gross Revenues  $760000
Net Profit / Cash Flow  $124000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1994
Number of Employees  6 - 9
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Owned
Training  Yes

Description  
Long Established and well known Seafood Restaurant for sale. This excellent property has a long history of success. Spacious and inviting dining area with a large bar that leads onto the 40 plus seat patio, There is a very profitable takeout window that serves high quality ice cream, seafood and burgers in warmer months Lots of outdoor seating for patrons to enjoy an ice cream or some of their famous seafood. This property is located on a very well-traveled road and is minutes away from popular campgrounds. This landmark restaurant is a must see opportunity the absentee seller may offer some financing to qualified buyers. ASKING PRICE: $199,000 (for the business) $599,000 (for business and real estate) PARKING: Plenty of Private parking EQUIPMENT: The equipment is in good condition and has been well maintained and is of good quality. LEASE TERM: Five (5) years with options BASE RENT: $3,000 per month (Plus triple nets) CONCEPT: Seafood Restaurant Pub with Seasonal Take-out window SEATING: Capacity of 200 persons SIZE: 5,000 square feet HOURS: Open from 11:30 AM - 1:00 AM LICENSES: Full Liquor and Entertainment (1:00 AM) SALES: $760,000 historically as high as 1.2M Cash Flow: $124,000 ASKING PRICE: $199,000 (for the business) $599,000 (for business and real estate) For More information please contact Corbett Restaurant Group 617-948-3394.


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