Tavern w/ Real Estate (Alcohol Related; Restaurants)

Providence, RI - Rhode Island, Providence

Seller Financing:
Lender Pre-Qualified:
Listing ID: 72027
Status: Active

Listing Details

Listed Price: $349,000
Down Payment:
Total Sales:
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EBIT:
EBITDA:
FFE: $45,000 Included? Yes
Real Estate: $250,000 Included? Yes
Inventory: $8,000 Included? No
A/R: Included?
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Contact Information
Coastal Business Brokers
Suite 330 700 Pleasant Street
New Bedford Massachusetts 02740
Office: (508) 990-9800
Fax: (508) 990-4288
Email: coastalbizbrokers@verizon.net
www.coastalbizbrokers.com
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Reason for Sale: Retirement
Training: As needed for smooth transition
Financing Terms:

Operations

Year Established: 1997
Last Acquired:
Form of Ownership:
Home Based:
Relocatable:
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Absentee Owner:
Online:
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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