Business Summary:
Profitable multi-income stream waterfront bar and restaurant located on the dock of top tourist spot. Four tenants provide $110,000 in rental income plus another $70,000 in bar and restaurant income (from gross of $600,000). Real estate includes 8,300 sq.ft. two story facility located on land lease held by State of Rhode Island (36 years left). RE value appraised at $960,000 and represented by major licensed RI realtor. Sale includes liquor license.
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| Year
Business was Established: 1998 |
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| Facilities / Terms of Lease:
Two story retail and 149 seat restaurant bar located on the dock of a major tourist location. Four unit tenants generate $115,000 in rental income. If bar is not operated and rented, add another $60,000 in rental income. |
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| Potential
Growth/Expansion:
Add top brand coffee shop in one of lower floor units. |
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| Owner
willing to finance:
No |
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| Owner
willing to train:
Family will assist in smooth transition. |
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| Reason for selling:
To Florida to retire. |
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Seller Reference Number: NERF58TW
BusinessMart.com Listing Number: 40791 |
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