Turnkey Restaurant & Bar For Sale - Lending Available

Business Overview:

Do you have big plans for your future and dream of owning your own restaurant? Now's your chance! This fully equipped, turn-key Bar for Sale in Cumberland, RI is available for purchase and is currently generating $650,000 in annual sales. Featuring a full liquor license with a 1am closing time, this establishment offers significant potential for extended service hours. With a fully outfitted kitchen and all essential equipment in place, including a 12 ft hood and Ansul system, grease trap, stoves, ovens, grills, a walk-in cooler, refrigeration units, freezers, and bar coolers, you'll have everything you need to succeed from day one.Why start from scratch when you can step into this Bar for Sale and hit the ground running? You can avoid the months of setup and the costs that come with new restaurant builds, from acquiring permits to waiting for equipment installation. In just a few weeks, you could be running your own restaurant and bringing your vision to life.Although traditional SBA financing isn't available, there are still flexible funding options for qualified buyers. With strong credit, you may qualify for unsecured lending on this Bar For Sale up to $250,000, allowing you to quickly secure the capital needed without the restrictions of SBA loans.As an owner-operator, you have the advantage of being hands-on with daily operations, ensuring the highest quality of service, and directly influencing the customer experience. This involvement also enables you to manage costs and make real-time decisions to drive profitability. This Bar for Sale presented by We Sell Restaurants is located in the growing community of Cumberland, RI, this restaurant benefits from a steady stream of customers, thanks to its proximity to major highways, shopping centers, and residential developments. With excellent visibility and easy access, this location is primed for success, offering numerous opportunities for growth. With a growing population, Cumberland offers excellent potential for expanding the business at this Bar For Sale by tapping into new markets, adding catering or private events, or enhancing services like takeout and delivery. The full liquor license and late closing time also provide a unique opportunity to attract a late-night crowd or host special events. Additional revenue streams could include brunch service, themed nights, or outdoor seating during warmer months. While the Bar For Sale is not currently profitable, it presents a blank slate with immense potential for a new owner to bring their vision to life. The spacious 2,200 square foot restaurant offers 36 dining seats and 45 seats in the bar and lounge area, providing plenty of room to execute your concept. With minimal competition in the Cumberland area for certain dining concepts, this Bar For Sale represents a fantastic opportunity for the right owner to fill a niche market. Don't miss out on this rare opportunity to step into a fully operational space and make it your own. Contact us today to make your offer and be in business by next month! By providing your phone number to We Sell Restaurants, you are agreeing to receive text notifications.

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Property Features and Assets:

12 Ft Hood with Ansul System Undercounter Grease Trap; 2x Fryolators; 6 Burner Stove Flat Top; Grill; 3 Bay Sink; Microwave Small Mixer; Smallwares- Pots , Pans, Ladles etc; Dishwasher; Prep Tables; Meat Slicer; Walkin Beer Cooler; Reach In Freezer; Under Counter Cooler; Ice Machine; Sandwich Prep Cooler; Double Door Reach In Cooler; Flatware; Service ware; Reach in Beer Cooler; Undercounter Beer Cooler; 2 door undercounter beer cooler; Ice Well; Sound System Bar Glassware & Smallwares; Bar Stools; Flat Screen Tvs; High Chairs; Booster Seats; Trash Receptacles; POS System

Market Competition and Expansion:

Cumberland, RI, offers a growing population and strong community support, making it an ideal location for a new restaurant. The town's affluent, family-oriented demographic provides a steady customer base with disposable income, while its proximity to major highways attracts both locals and passersby. Although there are established competitors and limited nightlife, certain niches remain underserved, allowing new concepts to thrive. The nearby city of Providence offers more dining options, but Cumberland's loyal local following and suburban appeal help maintain a solid customer base.

Reason for Selling:

Retirement

Additional Details:

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