Profitable Newport Restaurant Fully Equipped Turnkey

Asking Price$415,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$897,816

InventoryNot Disclosed

FF&ENot Disclosed

listing imageSave

Profitable Newport Restaurant Fully Equipped Turnkey


Asking Price$415,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$897,816

InventoryNot Disclosed

FF&ENot Disclosed

Business Description
Step into a high performing, fully equipped turnkey restaurant located in one of Rhode Island's most desirable and high traffic coastal markets. This established operation generates strong annual revenue with consistent cash flow, offering immediate income potential and meaningful upside for a hands on operator or experienced restaurant group.

This opportunity includes a highly sought after beer and wine license, a significant advantage in this market where licenses are not issued by the city and must be acquired through private transfer when they become available.. Securing a license can often require long wait times, making this inclusion a valuable asset that allows a new owner to immediately maximize beverage sales and overall revenue potential.

The restaurant features a spacious, well designed dining area with ample seating capacity, creating a comfortable and inviting environment suited for a variety of concepts. The layout supports both high volume service and an elevated guest experience, while remaining flexible for rebranding or repositioning. The fully built out commercial kitchen includes a hood and ventilation system, grease management, refrigeration, prep areas, warewashing, and ample storage, providing everything needed to operate immediately without the cost and delays of a new buildout.

Located in a prime, high visibility area supported by strong residential density and steady tourism, this location benefits from consistent year round demand along with peak seasonal traffic. Its proximity to popular destinations, lodging, and retail hubs enhances exposure and drives both repeat and new customer traffic.

Current operations focus on evening service during the week with expanded weekend hours, presenting clear opportunities for growth through lunch, brunch, catering, private events, and extended hours. A trained team is already in place, allowing for operational continuity and a smooth transition.

Occupancy costs are structured at a manageable level relative to the strength of the location and revenue potential. SBA financing may be available for qualified buyers, further increasing accessibility.

This is a rare opportunity to acquire a turnkey, cash flowing restaurant in a premier coastal location, complete with licensing, infrastructure, and strong operating history. Ideal for an owner operator, chef, or hospitality group looking to establish or expand in a high demand market with immediate revenue potential.

By providing your phone number to We Sell Restaurants, you are agreeing to receive text notifications.
About the Business
Years in Operation
32
Employees
20 (3 Full-time, 17 Part-time)
Facilities & Assets
3 bay sink, Espresso machine, Dinnerware, Glassware, Dukers 2 4ft door worktop prep station, 4ft worktop prep station, 2x Imperial 6 burner stove, 10ft hood and Ansul system Econ air - New, 3x Hand sink, Thrifty flattop griddle, Hobart meat slicer, Chest freezer, Vegetable sink, Manitowac ice machine, 3ft SS table, 5ft sandwich prep unit, Fridgidaire freezer, 3x microwaves, 6ft sandwich prep unit, 4ft SS prep table, Blodgett convection oven, Undercounted bakers rack, Countertop toaster ovens, Chest freezer, True 2 door refrigerator, True glass door re...
Website
https://www.wesellrestaurants.com
Market Outlook / Competition
The restaurant benefits from a strong year-round customer base with added seasonal boosts typical of coastal dining markets. High visibility and steady foot traffic support consistent revenue. Although competition exists, the area’s dining activity helps attract more customers overall. As with most restaurant operations, buyers should consider labor availability and rising costs, though the established business model provides stability.
Opportunities for Growth
Growth potential includes extending hours, enhancing marketing efforts, optimizing menu mix, and expanding takeout or catering services. The fully equipped kitchen and beverage license offer flexibility for a wide range of concepts. Buyers may also capitalize on private events or seasonal traffic to increase revenue
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,317
Rent
$6,500.00 per month
About the Sale
Seller Motivation
Retirement
Transition Support
2 4 Weeks
Listing Info
ID
2460286
Listing Views
640

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Business Listed by: Damian Santoro We Sell Restaurants

Listing ID: 2460286 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.


Similar Listings