Tavern w/ Real Estate (Alcohol Related; Restaurants)
Providence, RI - Rhode Island, Providence
| Seller Financing: |
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| Lender Pre-Qualified: |
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| Listing ID: |
72027 |
| Status: |
Active |
Listing Details
| Listed Price: |
$349,000 |
| Down Payment: |
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| Total Sales: |
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| SDE: |
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| EBIT: |
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| EBITDA: |
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| FFE: |
$45,000 |
Included? Yes |
| Real Estate: |
$250,000 |
Included? Yes |
| Inventory: |
$8,000 |
Included? No |
| A/R: |
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Included? |
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| Reason for Sale: |
Retirement |
| Training: |
As needed for smooth transition |
| Financing Terms: |
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Operations
| Year Established: |
1997 |
| Last Acquired: |
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| Form of Ownership: |
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| Home Based: |
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| Relocatable: |
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| Absentee Owner: |
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| Online: |
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| Employees: |
Full Time: 1 / Part Time: 4 |
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Location
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| Facilities: |
The Real Estate is included in the purchase price. Good location near college campus. The property consists of a 4,184 SF building on 11,761 SF of land. The two (2) story building is on a lot sloping down from front to rear. The 2,092 SF street level, top floor contains the restaurant, bar, and well equipt kitchen. The lower level has a rear entrance convenient to the 20 vehicle parking lot with the balance of the area used for storage. The restaurant seats 98 including the bar which seats 15. |
Summary
| Business Description: |
This historic Tavern is a popular gathering spot for locals and the college crowd. Warm pub atmosphere serving a seafood and Italian menu with appetizers, entrees and a fine wine list. Bring new energy, new ideas, and enthusiasm, to rejuvenate this establishment. New owners can expand operating hours. The Sellers are offering some financing assistance to a qualified Buyer and are very motivated to sell!! |
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