MergerPlace

Diner & Creamery - Just Add Pizza!

Rhode Island (Providence)


  • Asking Price: $300,000
  • Gross Income: $640,000
  • Cash Flow: $74,600
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $100,000
  • Listing ID: #212026
  • Established: 1986
  • Employees: 4 FT / 20 PT

Business Description

Two businesses in one. Full service restaurant plus a creamery that is an institution in the area. Restaurant is presently set up as a 49 seat diner. Can be converted to fast casual or fast food service.There is a big void of pizza in the area, which would be a HUGE addition to the menu. Creamery operates seasonally and does over $80k per month in season and makes alot of money. The creamery business was started in 1986 and the restaurant side was started in 2012. Restaurant operates limited hours, which can easily be expanded. Must be seen to be appreciated. Seller is willing to do some financing for a qualified buyer.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Rhode Island
County: Providence

Company Information

Year Established: 1986
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4 FT / 20 PT

Financial Information

Asking Price: $300,000
Gross Revenue: $640,000
Cash Flow: $74,600
FF&E: $100,000
Seller Financing Available: Yes

Property Information

Facilities:

Free standing building with ample parking. Space is 1,300 sq. ft. but is very compactly set up, so it seems larger. Very well equipped to accommodate virtually any menu. The creamery side has 5 outside windows to accommodate the big crowds. Excellent location on a busy road. Originally just a creamery, with the restaurant built out in 2012.

Growth & expansion opportunities:

Strengthen the menu of the restaurant. Expand hours Marketing Catering

Competition:

Virtually no pizza is offered in the immediate area. The ice cream competition is a non factor. For the right Buyer, this is a monster opportunity.

Reason for selling:

Retirement.

Support & Training:

Will train for 2 weeks @ $0 cost. Restaurant experience is strongly recommended. Menu development is needed to grow the restaurant side. Pizza is the category that would be a home run because of the void that exists. The Creamery side is fully developed and is a huge hit in the vicinity.

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Business Listed By:

Ira Rashap

Murphy Business Brokers