THE Business for Sale Marketplace

Asking Price: $175,000

Gross Revenue: $780,000

Gross Revenue Comments: Grossing $15,000 per week

Inventory: $7,500 (Not Included in Asking Price)

FF&E: $85,000 (Included in Asking Price)

Seller Financing: To be negotiated

Great Opportunity! Bar & Restaurant with Oceanfront location in Rhode Island. 3,800 sf facility with beautiful views and plenty of parking. The current owners are grossing $15,000 per week and are trending upward. This is a must see opportunity that has tremendous potential and is priced to move. The space consists of a long open bar and dinning area. There is an outdoor deck with seating which blends into a Beach and Tiki Bar with brilliant views and limited live music.

Facilities: CONDITION: The building and facility are good condition. The current owners spent $150,000 on build-out improvements. The space has a very functional layout and design. EQUIPMENT: The equipment is in excellent condition and has been well maintained and is of good quality. They have recently purchased a new Micros POS system. LEASE TERM: There is a three (3) year lease with one three (3) year renewal option. BASE RENT: The rent is approximately $4,500 per month CONCEPT: The concept is a casual Bar & Restaurant with beautiful Beachfront views offering inside and outside dinning and drinks. SEATING: There is seating for 138 persons in the restaurant. The capacity for the deck and Tiki beach bar area is well over 100. OPPORTUNITY: This offers a new buyer a truly turn-key opportunity with huge growth potential. LICENSES: Full Liquor License, Entertainment licenses (live music) & Common Victualler.

Market Outlook and Competition: The location is great for multiple concepts. The numbers could be grown quickly with increased focus on marketing. The layout is configured for a strong restaurant and bar business.

Management Training and Support: Will be provided

Reason For Selling: Family Issues