American Restaurants
Active
Well-Established Restaurant & Bar for Sale
Providence County, Rhode Island, United States
Asking Price$715,000
Revenue$1,545,000
EBITDA-
Cash Flow$296,000
Description
An excellent opportunity to acquire a well-established upscale restaurant and bar with nearly a decade of successful operations, a loyal customer base, and a strong local reputation. Known for its elevated cuisine, welcoming atmosphere, and thoughtfully curated wine and bar program, the business generates over $1.6 million in annual sales.
The 3,000 sq. ft. space features a spacious dining room, upgraded commercial kitchen, full bar, expansive wraparound sidewalk seating, full basement, and current liquor license. The thoughtfully designed layout supports efficient operations and an inviting guest experience.
Beyond its established dine-in business, the location offers significant growth potential through private dining, weddings, corporate events, catering, and ghost kitchen or delivery-focused concepts. These additional revenue streams provide opportunities to maximize the existing space and infrastructure.
Situated in a high-visibility location surrounded by growing residential and commercial development, this turnkey opportunity combines an established concept, strong sales, and multiple avenues for expansion.
Listing #: 26557
www.listbizforsale.com
Real Estate
Leased
Building Size: 3000 sq. ft.Furniture Fixtures & Equipment
$350k
Inventory
Included in Asking Price
Number of EmployeesFull-Time: 8Part-Time: 10
Year Established
2016
Reason Selling
Owner currently operating multiple businesses and seeking other opportunities.
Facilities & Assets
This turnkey restaurant and bar offers an immediate ownership opportunity, with revenue trending upward and substantial value in quality fixed assets. The well-appointed space features a fully equipped commercial kitchen, elegant dining area, dedicated bar, and private event space ideal for catering, corporate functions, weddings, and private gatherings. Included assets feature a walk-in cooler, commercial refrigeration, wine storage, multi-burner stove, exhaust and HVAC systems, professional sound equipment, custom furnishings, and significant high-end leasehold improvements.
Support & Training
The current owner will provide four weeks of hands-on training and transition support, covering operating systems, vendor coordination, POS terminals, deliveries, and daily management to ensure a smooth ownership transition.
Market & Competition
A neighborhood favorite with years of loyal, repeat clientele, this restaurant benefits from its location. The venue offers an upscale dining experience, a dedicated private event space, and flexible indoor and outdoor dining options.
Growth Opportunities
The business offers significant growth potential beyond dine-in service, including expanded catering, private parties, corporate events, and social gatherings. Its dedicated event space provides an opportunity to develop a recurring, higher-margin bookings business, while the fully equipped commercial kitchen supports additional revenue through delivery and ghost kitchen operations.
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