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