Asking Price
$475,000
SDE
$165,393

Industry

Italian Restaurants

Gross Revenue
Location

$1,194,089
Providence Suburb, RI

Business Description

Are you a chef who is looking for their own space? Do you want to get out of the hustle of the city and bring your touch to a dedicated base of customers?
This current restaurant has been a Rhode Island institution for over twenty years with an even more storied past dating back many years. Its longevity is thanks as much to its atmosphere as it is to its tempting mixture of Italian cuisine and fresh seafood. Customers may be greeted at the door by staff like they are family. Thoughtful touches make every visit to this restaurant special, whether it’s a casual weeknight dinner or a celebratory party.
The reputation of the business, great service, excellent food, and a faithful and loyal customer base all make this business a wonderful opportunity for the next generation of ownership.

Now is the time to continue the success that comes along with owning this restaurant.

Detailed Information
Internal ID
1809

Number of Employees
20

Financing Notes
A qualified buyer can obtain an SBA 7A loan with 10% down payment for the business.

FF&E
$65,000

FF&E Included
Yes

Inventory
$10,000

Inventory Included
Yes

Additional Information
Reason for Selling

Retirement

Facilities & Assets

The restaurant which is leased consists of multiple distinct seating areas. There are spaces for both main dining and have private options for small parties (up to 30). This is used for both private parties and overflow space on the weekends. Finally, in the warmer months, there’s an outdoor patio overlooking the water.

Support & Training

The seller will provide training and support to ensure a smooth transition

Contact Listing Agent
  • Hidden
  • Hidden
  • Hidden
  • Hidden
  • Hidden
  • Hidden
  • This field is for validation purposes and should be left unchanged.

Longstanding Dinner Only Italian Restaurant in Providence Suburb
Asking Price
$475,000

SDE
$165,393

Industry

Italian Restaurants

Gross Rev.
Location

$1,194,089
Providence Suburb, RI

Business Description

Are you a chef who is looking for their own space? Do you want to get out of the hustle of the city and bring your touch to a dedicated base of customers?
This current restaurant has been a Rhode Island institution for over twenty years with an even more storied past dating back many years. Its longevity is thanks as much to its atmosphere as it is to its tempting mixture of Italian cuisine and fresh seafood. Customers may be greeted at the door by staff like they are family. Thoughtful touches make every visit to this restaurant special, whether it’s a casual weeknight dinner or a celebratory party.
The reputation of the business, great service, excellent food, and a faithful and loyal customer base all make this business a wonderful opportunity for the next generation of ownership.

Now is the time to continue the success that comes along with owning this restaurant.

Detailed Information
Internal ID: 1809

Number of Employees: 20

Financing Notes: A qualified buyer can obtain an SBA 7A loan with 10% down payment for the business.

FF&E: $65,000

FF&E Included: Yes

Inventory: $10,000

Inventory Included: Yes

Additional Information
Reason for Selling

Retirement

Facilities & Assets

The restaurant which is leased consists of multiple distinct seating areas. There are spaces for both main dining and have private options for small parties (up to 30). This is used for both private parties and overflow space on the weekends. Finally, in the warmer months, there’s an outdoor patio overlooking the water.

Support & Training

The seller will provide training and support to ensure a smooth transition



Sign NDA