Downtown Providence Wood Fire Restaurant and Bar

Asking Price$245,000

Cash Flow
$225,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$475,000

InventoryNot Disclosed

FF&ENot Disclosed

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Downtown Providence Wood Fire Restaurant and Bar


Asking Price$245,000

Cash Flow
$225,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$475,000

InventoryNot Disclosed

FF&ENot Disclosed

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.
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

Contact Seller

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Business Listed by: Kara Cecchinelli

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.


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