TYPE OF BUSINESS: Gorgeous-Turnkey Italian Restaurant/Lounge/Functions.
LOCATION: SEEKONK Area/South Coast
SELLING PRICE: $325,000…. Dn. Payment…$150K-$200K / owner will sell for less with no financing; to be negotiated. Seller financing is available for qualified buyers.
SALES VOLUME: strong $22K to $25K/wk.
LEASE: $ 5,200/mo (includes NNN + more) Yrs. Left: 4 + 2/ 5 yr. extensions.
SQUARE FOOTAGE: approximately 5,200 sq ft.
HOURS OF OPERATION: 7 days, 11.30am- till 9pm.
SEATING: 140……Gorgeous bar for 35
COMMENTS: This Restaurant has it all. Ambiance, great food & service, attention to detail, hard to find today. (Ask about his low operating expenses) Huge kitchen (only uses a portion). Equipped to do any size function and comfortable dining with a bustling bar. Has several function rooms, known for their superior service and excellence. There is a lot to like & talk about this Turnkey gem that needs to be seen to really appreciate. Close to hotels, on a well-traveled state road. Plenty of parking. Owners work at the restaurant, labor and food cost is well managed.
NETS $300K a year. Advertise- push the functions more (40% bottom line), many bereavements & functions weekly to add to the great dining room sales. Easy to dramatically increase sales. Owners are retiring, its grandkids time. Perfect for a family or chef-owners dream. This is a serious money maker. NDA required.
