Newport Area Quick Service With Ideal Street Visibility

Real Estate

Lease

Leasehold Rent

$192,664 per annum

Premises Details

This 1,715 square foot location on a 10.2k square foot lot leases for $16k, and $871 CAM per month on a new 5-year lease with 2 five-year options. All of the company’s furniture, fixtures, and equipment will be included in the sale, though its name will not be. An estimated $5k in inventory will be sold at cost at close in addition to asking price.

Support & Training

Seller will train for 2 weeks at 20hrs per week or as negotiated

Expansion Potential

New management may capitalize on this signature style location to become the flagship outlet for a new brand, or they may use it to make their mark in this highly sought after marketplace.

Size In Square Feet

11,926

Competition / Market

Competitors often differentiate themselves through food quality, portions, pricing, sides and dessert items. This concept has capitalized on each of these, but most of all, has hit it out of the park with their convenient location and onsite parking that provide this location with a hard-to-match competitive advantage.

Inventory / Stock Value

$5,000

Reason for Selling

Personal