HIGHLY PROFITABLE Restaurant, catering & Banquet Company. MASSIVE INCOME FROM DAY 1!
(HOSPITALITY, HOSPITALIT, RESTAURANT, CATERING)
providence - boston area, RHODE ISLAND
Listed Price: $ 980,000
Listing ID: CRI2361005
Listing DetailsGross Revenue: $ 3,200,000
Cash Flow: $ 350,000
FFE: $ 95,850 (Included in Price)
Real Estate: $ 1,000,000
Inventory: $ 15,000
Form of Ownership: C Corp
Terms and Conditions: NEGOTIABLE
Reason for Sale:
RETIREMENT
Training & Support:
Complete support & training included in the sale.
Listing SummaryBusiness Description:
A very rare opportunity to own one of the most profitable GEMS of the New England hospitality industry.
Fantastic highly-profitable banquet facility, restaurant and catering operation in business for 35 years.
Serve up to 350 people with two operating bars with the ability to host multiple events within the same day.
Enjoy a massive and faithful customer-base from day one with massive room for growth!
Non- stop demand for private functions, dining-in, pickup, delivery and even off-premises catering.
This business is known regionally as THE premier private event space. Highly in-demand at all times.
From casual buffets to lavish sit down dinners, this business is equipped to handle any type of event and any time of the day
This business is known regionally as THE premier private event space. Highly in-demand at all times.
Historical Summary:
The Business
Has been operating with its current name since the 1980’s
Large client Base
Owner Qualifications:
Business experience
Competition:
LIMITED
Potential Growth:
UNLIMITED
Financing/Terms:
NEGOTIABLE
LocationSquare Footage: 15000
Type of Location: Stand Alone
Facilities:
A fully licensed operation and certified staff. This business is a perfect fit for any experienced entrepreneur looking to run a successful restaurant and event facility with so much room for increased profits and sales! Premier location on a very popular street. Comfortably accommodates 350+ people at any given time. The beautifully designed spaces create a w warm, professional, and friendly atmosphere unmatched by any competitor around. From afternoon bereavement lunches to evening wedding receptions this operation transforms day into evening smoothly and profitably!
This facility has the ability to host multiple private events or convert into 1 large event. Public dining rooms available to serve the public away from private event spaces. Lunch , dinner and takeout available. Reservations normally required for large groups. Separate lounge space for
diners who prefer more of an upbeat atmosphere. Fully licensed bar, lunch and dinner also served. 30 plus seats with an active entertainment license.
The facility also features a massive parking lot with an additional back lot for employee parking.
Over $150,000 in renovations to the building within the last year.
The state of the art kitchens, private bars, dance floors and professional staff make this an unforgettable gem of the New England hospitality industry.
OperationYear Established: 1985
Days & Hours of Operation: 7 days a week M-TH 11:30 – 9:30 Fri and Sat 11:30-1 Sun 12-9:30
Owner Hours: 40
Employees: 40
Managers: 2
Absentee Owner: No