Established 25-Year Restaurant/Tavern with Extensive Outdoor Venue in Johnston, RI

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Financial Details

Asking Price:
$225,000
Annual Revenue:
$700,000
Cash Flow / SDE:
$80,000
Profit Metric:
Cash Flow (SDE)
Valuation Multiple:
2.8x
Location:
Johnston, RI, US
Source:
Date:
October 15, 2025

Key Highlights

Highly established neighborhood tavern operating for 25+ years with strong SDE of $80,000.
Exceptional outdoor venue featuring multiple bars, covered seating for 55+, cornhole courts, and full cooking facilities.
Flexible transaction options: Purchase business with lease, or acquire business plus $750,000 real estate.

Description

This is an exceptional opportunity to acquire a classic neighborhood tavern in Johnston, RI, operating successfully for over 25 years (location history exceeds 100 years). The business features three full bars and a massive, licensed outdoor entertainment area capable of hosting events up to 200 people. The outdoor space is fully equipped with covered seating for 55+, cornhole courts, a dedicated covered cooking area including a pig roaster, smoker, and flat top grill. The interior boasts a unique atmosphere, including a back room designed by sculptor Almond LaMontagne, two fireplaces, and seating for over 90 patrons across the front and bar lounges. The sale includes $90,000 in FF&E and offers the option to purchase the real estate (valued at $750,000) or operate under a lease structure which includes a two/three-bedroom apartment upstairs. The owner is relocating.

Industry Information

Industry Description:
Restaurant/Tavern
Classification:
Restaurants & Food

Operational Snapshot

Year Established:
1999
Employees:
12
Reason for Selling:
Relocation

Real Estate & Lease

Status:
Leased/Rented
Monthly Rent:
$5,800 USD

Assets & Inventory

FF&E Value:
$90,000 USD
Includes FF&E:
Yes
Inventory Value:
$20,000 USD
Includes Inventory:
No

Broker Contact

Name:
Thomas paolantonio
Phone:
401-862-1494

Listing Details

Listing ID:
3835e7d7-bb4a-4c26-abe8-ba5023ccc52e
Source Listing ID:
Ad#:2423981
Deal Status:
For Sale
Last Updated:
October 15, 2025
Currency:
USD

Features & Tags

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