PROVIDENCE, Rhode Island
| Asking Price |
$149,900 |
Year Established |
|
|
| Annual Revenue |
$153,927 |
Reason for Selling |
Personal |
|
| Annual P/L |
|
Attention |
Damian Santoro |
|
| Annual Cash Flow |
$31,941 |
Listing Number |
983628 |
|
| # of Employees |
4 |
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
Take advantage of this Cafe for Sale, located in an area with excellent growth potential for an owner/operator. Surrounded by thriving businesses, this prime location guarantees a constant stream of eager customers all day long.This Cafe for Sale comes fully equipped with a 8-foot hood, grease trap, convection oven, 2-burner range with griddle and oven, espresso machine, coffee machines, blenders, sandwich units and more. This turnkey operation is ready for a new owner to step in and start running the business immediately. Why go through the hassle and cost of a buildout when you can buy an established, fully-equipped cafe for a fraction of the time and money?Situated in a prime location in Providence, this cafe for sale by We Sell Restaurants benefits from the foot traffic of nearby commercial businesses, medical buildings, and offices, making it a prime opportunity for savvy investors or entrepreneurs. The current operating hours are 7 AM to 2 PM, Monday through Friday, but with expanded hours and increased marketing efforts, the potential for growth is significant.Rent is incredibly affordable at just $1,700 per month, including CAMS, for 1,600 square feet of space. The cafe offers seating for 22 inside and 8 outside, and the cozy, well-designed interior ensures a welcoming atmosphere for guests.This cafe offers a diverse menu that caters to various tastes, including breakfast sandwiches, pizza, wraps, hot and cold sandwiches, and soups. There's also an excellent opportunity for an owner to expand catering services to further increase revenue.Priced at just $149,900, this is a rare opportunity in the thriving Providence market. While SBA lending is not available, we have lender resources that offer unsecured lending options for qualified buyers.Whether you're looking to expand your current operations or start your first restaurant, this cafe is your chance to hit the ground running without the usual buildout costs. Don't miss out on this amazing opportunity!By providing your phone number to We Sell Restaurants, you are agreeing to receive text notifications.
Property Features and Assets:
8 Ft Hood & Ansul SystemUndercounter Grease TrapTwo Fryerlator 2 Burner w/ Griddle and OvenSteam TableBlendersSmallwaresTwo Prep TablesSheet Pan RackTwo Convection OvensDisplay CaseTwo Glass Door Reach In Refrigerator Standup Freezer Stand Up RefrigeratorWork Top Two Door CoolerSandwich Prep Table Ice Caddy Ice MachineServiceWareBlendersSquare POS System Security Camera System Store Decor Flat Screen Tvs Neon SignDigital Menu BoardCoffee DispensersCoffee GrindersEspresso/ Latte Machine Ice Cream Machine5 Tables Inside1 Couch Inside20 Seats Inside2 Outdoor Tables 4 Outdoor Chairs
Market Competition and Expansion:
The cafe has strong growth potential by extending operating hours to evenings or weekends, tapping into new customer segments. Expanding into catering services or offering delivery and online ordering could significantly boost revenue. Menu innovation, such as adding seasonal items, and hosting community events or partnering with local businesses can further increase customer loyalty and broaden its appeal.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity