This Newport area quick service venue boasts ideal main street visibility that provides it with a built-in advertising platform. The comfort food venue, which has recently been fully renovated without any expense spared – exudes personality at every turn. From its retro beach chic interior and spacious outdoor patio to its walk-up window and onsite parking lot, the establishment is truly an area standout.
- Asking Price:
- $599,000 Furniture / Fixtures included
- Sales Revenue:
- $1,518,988
- Cash Flow:
- $12,000
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$192,664 per annum
- Premises Details:
-
This 1,715 square foot location on a 10.2k square foot lot leases for $16k, and $871 CAM per month on a new 5-year lease with 2 five-year options. All of the company’s furniture, fixtures, and equipment will be included in the sale, though its name will not be. An estimated $5k in inventory will be sold at cost at close in addition to asking price.
- Size in square feet:
- 11,926
Business Operation
- Expansion Potential:
-
New management may capitalize on this signature style location to become the flagship outlet for a new brand, or they may use it to make their mark in this highly sought after marketplace.
- Competition / Market:
-
Competitors often differentiate themselves through food quality, portions, pricing, sides and dessert items. This concept has capitalized on each of these, but most of all, has hit it out of the park with their convenient location and onsite parking that provide this location with a hard-to-match competitive advantage.
- Reasons for selling:
-
Personal
- Years established:
- 2024
Other Information
- Support & training:
-
Seller will train for 2 weeks at 20hrs per week or as negotiated
- Furniture / Fixtures value:
- $50,000 - included in the asking price
- Inventory / Stock value:
- $5,000
