Sports Bar Event Venue, $1.2M-$1.3M Revenue. Real Estate Negotiable

Providence, RI

Seller Financing Available

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Asking Price:$249,000
Gross Revenue:$1,487,716
Established Year:2009
Cash Flow:$204,485
Rent:$9,800/Month
BUSINESS DESCRIPTION

Explore the opportunity to acquire a lively bar and grill with strong financial performance, demonstrating annual sales ranging between $1.2M and $1.3M. This well-loved establishment consistently attracts a steady flow of patrons and offers significant growth opportunities for a proactive owner/operator.
Located near colleges, hotels, and major highways, the venue enjoys high visibility and is a popular hangout in the region. The establishment features a Transferable Full Liquor License and operates with a 2AM closing time, enhancing its appeal.
The Bar & Grill is well-equipped with an extensive range of kitchen equipment, including a high-capacity hood, Ansul system, multiple sandwich units, a grill, an oven, fryers, and two walk-in coolers. The three bars are fully equipped with ice wells, coolers, and sinks, ensuring optimal efficiency and excellent service. This robust kitchen setup supports both daily operations and large-scale events.
A standout feature is its versatile event space, which accommodates a variety of casual gatherings, from community events and corporate functions to personal celebrations. The space is designed with inviting decor and can be easily adapted to suit different types of events, making it a key asset for generating additional revenue. The venue's capacity for large gatherings and its welcoming atmosphere significantly enhance its appeal.
Additionally, the venue includes a spacious outdoor patio area, ideal for socializing during the warmer months. Ample parking and convenient access further enhance the venue's attractiveness and guest satisfaction.
There is considerable potential for growth, particularly for an owner/operator who can capitalize on the venue's versatility and high visibility. Expanding the range of events, increasing marketing efforts, and leveraging the outdoor space for seasonal promotions could significantly boost patronage and profits. This is an excellent opportunity to tap into the local market and attract new customers by enhancing the venue's offerings and visibility.
Owner financing is available for qualified buyers, making this an accessible investment. The real estate is not included in the asking price but is available for negotiation if a buyer is interested in a more comprehensive investment.
This venue offers a multifunctional space catering to diverse needs and events, with strategic location and adaptable features making it an outstanding prospect for further development.
For more detailed information and to explore this unique business opportunity under confidentiality, please contact us.
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DETAILED INFORMATION
Location
Providence, RI
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
7,500
Employees
22
Facilities
LIQUOR LISCENCE ? Class BV 1 Walk-In Cooler with compressor 1 Micro Matic Glycol Draft Beer Chilling System Model # MMPP4301 1 Micro Matic Glycol Draft Beer Chilling System Model # MMPP 4302 1 Soda System Rack and Pumps Main Office Aldelo Point of Sale System w/ 2 Computer Servers Closet / Basement 1 Coca Cola Upright Refrigerator ? door locker unit w/6 doors 1 pigeon hole locker unit w/5 doors 1 Mop Bucket w/ Mop Main Bar and Dining Room 1 Red Bull Display Cooler 3 Ice Wells with speed racks ( 24?, 32?, 36?) 3 Bay Sink 2 Beer Coolers (Asper 54?) 2 Wire Racks 1 Draft Beer Tower with 12 taps 1 Draft Beer Tower with 6 Taps 1 Draft Beer Tower With 2 taps 1 Draft Beer Tower with 1 Tap 1 hand sink 24 Televisions (Vizio, Samsung, Various Sizes) 2 Samsung Display Adverting Monitors 1 60? Round Pub Table 8 Wooden Backless Barstools 9 Assorted Sized Pub Tables (Square, Rectangle and Round) 5 Booth Seating with Tables 45 Wooden barstools with backs 9 Dining Tables (Various Sizes) 28 Red Metal Dining Chairs 1 Wooden Antique Hostess Stand 1 Wooden Antique Waitstaff Station 4 Aldelo Point of Sale Touch Screen Monitors w/ 2 cash drawers and 4 printers 6 Surround Sound Wall Mount Speakers 1 Cable Box Rack 5 Bar Pendent hanging lights 6 Hanging Pendent light over booth seating Track Lighting and hanging light fixtures 4 Wooden High chairs 3 Booster Seats Kitchen 1 4 ft wire rack 1 4ft stainless steal table with riser 1 coffee machine 1 4ft 2 door stainless steel cabinet 1 coca cola fountain soda machine with rack 1 Bud Light Vertical refrigerator 1 8 ft stainless steel prep table 1 alto Shaam hot holding cabinet 1 Market Forge Tilt Skillet 1 8ft hood and Ansul System 1 24? Waring electric flat top grill 4 24? wire racks 1? Asper 4ft sandwich unit 1-Precision 5 ft sandwich unit 1-4ft cutting board station 1 Stainless Steel Kitchen Cooking Line Rack System with Overhang Shelving 1 5ft Stainless Steel Prep Table 1 4ft Stainless Steel Prep Table 1 Pitco Gas Fryolator 1 Vulcan Gas Fryolator 1 36? Stainless Steel Prep table 2 electric food warmers 3 under counter electric food warmers 1 North American Upright Freezer 1 Atosa Upright Freezer 1 chest freezer 1 8 ft stainless Steel Prep Table 1 ? Fagor 2 door upright refrigerator 1 Walk in Cooler with assorted racks 1 32? stainless steel storage unit 1 hand sink 1 mop sink 1 3 bay sink 1 4 ft stainless steel prep table with riser 1 5 ft wire rack Assorted smallware (pots, pans, utensils, plates, bowls, silverware, hotel pans) Assorted trash barrels 1 Zephaire Convection Oven 1 Grease Trap 1 ? Southbend 4 Burner Gas Stove Top / Oven 1 ? American Range 6 Burner Gas Stove Top / Oven 1 ? 5 ? ft tall bakers rack 1 ? Blueair 900 lb Ice machine Assorted Storage Bins Private Room 2 ? 6ft Beverage Air Glass Door Beer Coolers 1 Hand Sink 2 ? 23? Ice Wells with speed racks 2 ? 35? Glass Racks 2 Aldelo Point of Sale Touch Screen Monitors w/ 2 cash drawers and 2 printers Assorted Glassware 2 ? 30? x 72? Dining Tables 1 ? 30? x 48? Dining Table 2 ? 48? Round Dining Tables 3- 36? Round Pub Tables 15 Wooden Dining Chairs 12 Backless Wooden Barstools 16 wooden barstools with backs 2 Coat Racks 3 Flat Screen TVs 12 ceiling mount speakers Light Fixtures 8 Hanging Pendent Lights 2 half round booths 1 long banquette seating Assorted Pictures and decorations currently on walls Outdoor Patio Metal Bar 2 Outside Tv Enclosures 2 TVS 1 beer cooler RENTAL EQUIPEMENT ATM & Bar Top Video Game ? Belongs to Avalon Entertainment Lottery Machine & Monitor ? Belongs to RI Lottery Portable Keg Unit ? Belongs to Mclaughlin & Moran CO2 System with Tanks and Mixing Valves ( $350 Per Month ) Bar Dishwasher (Private Room) Ecolab /Pure force $124.01 Per Month Kitchen Dishwasher ? Ecolab / Pure force $195.76 Per Month Directv Cable Boxes (33) ? Need to be returned if you do not keep them ($450 Per Month Boxes) Kitchen Chef Knives -Belong to RI Grinding 32 Camera Security System with 2 Servers ? Cox Communications ($500 Per Month)
Competition
This restaurant is located in a high-traffic area with excellent visibility, making it easily accessible for customers. Its prime location near a major highway ensures a steady flow of potential patrons, while its close proximity to several colleges attracts a vibrant student population. Additionally, being near a convention center and major hotels provides opportunities to capture business from visitors and events, further enhancing its appeal. This combination of factors positions the restaurant for success in a bustling and dynamic environment.
Growth & Expansion
Significant growth potential through several strategic avenues. Expanding operating hours can attract a broader customer base, particularly by introducing lunch service, which taps into the local workforce and college students seeking convenient dining options. Additionally, increasing event bookings can leverage the venue's unique atmosphere for private parties, corporate events, and community gatherings, enhancing overall revenue. Catering services present another opportunity to reach new customers, allowing the restaurant to serve clients at off-site events while showcasing its menu. By implementing these strategies, the venue can enhance its visibility and profitability, positioning itself as a go-to destination in the community.
Support & Training
30 days
Reason for Selling
New Career
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Damian
Santoro
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Damian Santoro