Downtown Providence Wood Fire Restaurant and Bar
Business Description
DOWNTOWN PROVIDENCE WOOD FIRE RESTAURANT AND BAR
Established Italian restaurant featuring unique wood fire cooking in the heart of downtown Providence, RI. This well-positioned franchise operation has served the community since 2013, building an excellent reputation and loyal customer base over 12.5 years of continuous operation.
FINANCIAL PERFORMANCE:
- Annual Revenue: $475,000
- Cash Flow (SDE): $225,000
- Strong 47% cash flow margin demonstrates efficient operations
- Established revenue history with consistent performance
BUSINESS HIGHLIGHTS:
- Prime downtown location in an 888 sq ft facility
- Unique wood fire cooking concept with no direct competitors within walking distance
- Only restaurant in downtown Providence cooking solely with wood fire
- Excellent reputation with pristine facility condition
- Busy yet manageable operation with 6 employees
- Established franchise system providing operational support
GROWTH OPPORTUNITIES:
- Significant downtown Providence improvements and development underway
- Strong demographic trends in the area
- Untapped late night service potential
- Room for expansion with favorable lease negotiations available
OPERATIONAL ADVANTAGES:
- Leased real estate with landlord willing to negotiate new terms
- Comprehensive owner training included covering equipment, suppliers, and 12.5 years of operational knowledge
- Established systems and processes in place
- Strong supplier relationships and operational efficiency
The current owners are selling after exceeding their original 10-year commitment to focus on family care needs. This represents an exceptional opportunity to acquire a profitable, well-established restaurant with unique positioning in a growing downtown market.
Ideal for an experienced restaurateur or investor seeking a turnkey operation with strong cash flow and growth potential in Providence's revitalizing downtown district.
Established Italian restaurant featuring unique wood fire cooking in the heart of downtown Providence, RI. This well-positioned franchise operation has served the community since 2013, building an excellent reputation and loyal customer base over 12.5 years of continuous operation.
FINANCIAL PERFORMANCE:
- Annual Revenue: $475,000
- Cash Flow (SDE): $225,000
- Strong 47% cash flow margin demonstrates efficient operations
- Established revenue history with consistent performance
BUSINESS HIGHLIGHTS:
- Prime downtown location in an 888 sq ft facility
- Unique wood fire cooking concept with no direct competitors within walking distance
- Only restaurant in downtown Providence cooking solely with wood fire
- Excellent reputation with pristine facility condition
- Busy yet manageable operation with 6 employees
- Established franchise system providing operational support
GROWTH OPPORTUNITIES:
- Significant downtown Providence improvements and development underway
- Strong demographic trends in the area
- Untapped late night service potential
- Room for expansion with favorable lease negotiations available
OPERATIONAL ADVANTAGES:
- Leased real estate with landlord willing to negotiate new terms
- Comprehensive owner training included covering equipment, suppliers, and 12.5 years of operational knowledge
- Established systems and processes in place
- Strong supplier relationships and operational efficiency
The current owners are selling after exceeding their original 10-year commitment to focus on family care needs. This represents an exceptional opportunity to acquire a profitable, well-established restaurant with unique positioning in a growing downtown market.
Ideal for an experienced restaurateur or investor seeking a turnkey operation with strong cash flow and growth potential in Providence's revitalizing downtown district.
About the Business
- Years in Operation
- 12
- Franchise
- This business is an established franchise
- Facilities & Assets
- Located within a parking garage and on a very popular walkable downtown street!
- Website
- https://www.figidini.com
- Market Outlook / Competition
- There is not a competitor within walking distance or any other restaurant cooking solely with wood fire in downtown Providence, RI
- Opportunities for Growth
- Huge improvements for downtown Providence and within general area. Great demographic and opportunity for late night service!
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 888
About the Sale
- Seller Motivation
- We agreed to only spend 10 years in Providence and we are at year 12.5. Family
- Transition Support
- Owners are willing to educate buyers on all equipment, suppliers, functionality of space, all the knowledge learned from the last 12.5 years.
- Financing Options
- Landlord willing to negotiate new lease and terms!
Listing Info
- ID
- 2402091
- Listing Views
- 249
Business Location
Listing ID: 2402091 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.