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Coastal Business Brokers

Newport RI Bar & Restaurant - Long Established For Sale

Newport, Rhode Island
Asking Price:
$300,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$647,506 (USD)
Cash Flow:
$68,144 (USD)

A rare Newport opportunity! This restaurant/bar is a popular destination for locals and tourists both domestic and international.

Its diverse menu and fully stocked bar makes it a popular destination for casual, affordable cuisine. It also regularly hosts larger groups including clubs, sports and billiard leagues, and other groups and events.

The business enjoys a loyal, local customer base year-round, as well as guests from around the world during peak months of the year.

Property information

Real Estate:

Lease

Location:

The business is located in a 3,000 SF facility on a major street in town. A long-term lease with options to extend in future years is available.

Size in square feet:
3,000

Business Operation

Expansion Potential:

This is a well-established, year-round business which would benefit from new owner energy and expanded investment in sales and marketing to enhance its position amongst bars and restaurants in the greater Newport market.

Reasons for selling:

Retirement

Employees:
5 - Full Time, 4 - Part Time
Years established:
1986

Other Information

Support & training:

As needed for a smooth transition.

Furniture / Fixtures value:
$43,000 (USD) - included in the asking price
Inventory / Stock value:
$230,000 (USD) - included in the asking price

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