Bar/Grill Business for Broker in Providence County, Rhode Island

Business: Bar/Grill Business for Broker
County, State: Providence County, Rhode Island
Business Type: Bar/Tavern/Night Clubs, Restaurant/ Cafes, Bar/Grill

Summary Description

Bar Pub & Grill located in the heart of a busy neighborhood adjacent to a local college. This place has been a cash cow for the owner for the past 18 years. Full liquor license included worth at least half the asking price. Capacity of 105. 26' wooden bar with 5 taps. Equipment includes walk-in coolers, beer coolers, TV's, pool table is owned, kitchen includes gas range, oven, fryolators, freezer, cooler, prep unit, etc... Hours of operation could easily be expanded. Hardly any advertising is currently being done. This place is waitng for a motivated owner to reach its full potential. Owner wil negotiate any lease term you want. Lottery with Keno and HotTrax.

About the Sale

Asking price: $150,000 (USD)

Financing: $85,000 down and $65,000 @ 8% 4 years

Total Revenues: $75,000 (USD)

Cash Flow: $12,618 (USD)

Reason Selling: retirement

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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.