Description
A unique business opportunity that includes the real estate. Local cafe, eatery & pub with a 1am liquor license. The business has been focusing on catering and has experienced a 75% increase in sales year to date. Currently the cafe is operating on limited hours with no nights or weekends. A new operator could easily increase revenues by adding hours and weekends. A captive audience exists with Woman & Infants, Rhode Island Hospital and Hasbro Children's Hospital and many physicians' office buildings all within walking distance. The building and business provide a great opportunity for expansion by fully utilizing the 1am full liquor license. The first floor and basement house the cafe and there is a 2-bedroom apartment on the 2nd floor that is rented at $1600 per month. Annual sales of approximately $330K with abundant room for growth. Owner is retiring after over 35 years in the hospitality business. Limited seller financing is an option for highly qualified buyers. Call to discuss. Real Estate alone is valued at $450,000
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School Ratings & Info
Description
A unique business opportunity that includes the real estate. Local cafe, eatery & pub with a 1am liquor license. The business has been focusing on catering and has experienced a 75% increase in sales year to date. Currently the cafe is operating on limited hours with no nights or weekends. A new operator could easily increase revenues by adding hours and weekends. A captive audience exists with Woman & Infants, Rhode Island Hospital and Hasbro Children's Hospital and many physicians' office buildings all within walking distance. The building and business provide a great opportunity for expansion by fully utilizing the 1am full liquor license. The first floor and basement house the cafe and there is a 2-bedroom apartment on the 2nd floor that is rented at $1600 per month. Annual sales of approximately $330K with abundant room for growth. Owner is retiring after over 35 years in the hospitality business. Limited seller financing is an option for highly qualified buyers. Call to discuss. Real Estate alone is valued at $450,000
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