Masthead Grille

Business Opportunity for Sale
Catylist Listing ID: 29847311
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $549,900
Name of Establishment: Masthead Grille
Year Business Established: 2007
Gross Revenue: $231,000 (Annual)
Cash Flow: $0 (Annual)
Last Updated: 1/15/2018

Overview / Comments

Great location. Corner of masthead Rd to Chelos waterfront.. High traffic. Business needs owner run . Building was totally renovated in 2007. Full 1100sf apartment upstairs currently used by staff. Ideal for family run business, live upstairs and run business. downstairs. Restaurant currently closed. Had been a Breakfast /lunch place but could be any type of restaurant. or use. Will consider lease@3500 per month. Includes all equipment and just about turn key.
They formally had a beer and wine but did not renew. Possible to renew again.

Property taxes $11,048
Licensed for 49 seats

Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Industry Segment: Restaurants
Reason for Selling: Owner retired and traveling. Cannot oversee properly
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $100,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $520,000
Real Estate Lease Description: Will lease for $3500 Monthly.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,008 55,426 150,700
Median Age: 42.69 44.13 42.62
Households: 3,084 24,285 61,710


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