Take advantage of this exclusive chance to own not just a restaurant, but a piece of Rhode Island's rich cultural tapestry. This iconic full-service restaurant and live entertainment spot is the epitome of charm and potential. Set across a sprawling 6,100 square feet (plus a full basement), every inch of this establishment screams potential. With seating options varying from a venue room accommodating 125 guests, a main dining area for 60, and a lounge for 40, it's a hotspot for both intimate dinners and larger gatherings.
Worried about parking? You have 2 dedicated parking lots at your disposal, with the added benefit of free on-street parking and a municipal parking lot. Not only do you get a turn-key business that's open 7 days a week (and stays open late on weekends), but you'll also be acquiring the real estate. That's right, no rent to think about, as the property is included in the sale!
Backing the allure is its impressive performance. With a cash flow of $193,777 from October ‘22- through September ‘23, and sales reaching an enviable $934,920 in the same period, you're looking at a lucrative venture. Your patrons will also be treated to a full liquor and entertainment experience, thanks to its licenses.
The brand's potential is vast, allowing you to possibly expand into multiple units. All of this is available at an asking price of $1,485,000, which includes both the business and the real estate.
Don't miss out on this unmatched opportunity to own, operate, and possibly grow an iconic Rhode Island establishment!
FACILITY: Ground level restaurant with lounge, banquet room and drive thru window
PARKING: Two dedicated parking lots, free on-street parking, and municipal parking lot
EQUIPMENT: The equipment is in good condition and has been well maintained.
CONCEPT: Full-Service Restaurant & Live Entertainment
SIZE: 6,100 square feet plus full basement
SEATS: Full-Service Venue Room (125); Main Dining area (60); Lounge (40)
HOURS: Open 7 days/week 3p-9p; Open until 11 Fri & Sat
LICENSES: Full Liquor License & Entertainment License
SALES: $934,920 (October ‘22- September ‘23)
CASH FLOW: $193,777 (October ‘22- September ‘23)
ASKING PRICE: $1,485,000 (For the Business & Real Estate)
