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Established Business with Real Estate

Opportunity Details
Location: Providence, RI
State: RI
County: Providence
Licenses: 1AM Liquor License
Asking Price: $595,000

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 $300K with abundant room for growth.

Owner is retiring after over 35 years in the hospitality business.

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