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Fast-Casual Restaurant - Providence, RI!

High-Volume - Inside Providence Place Mall

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asking price
$
999,000
gross sales
$
1,000,000
cash flow
$
357,000
employees: 
8
founded: 
2017

High-Volume Fast-Casual Restaurant Providence, RI - Providence Place Mall!

Simple Menu Featuring All American Favorites

Offering Hershey’s premium ice cream and milkshakes, plus real-fruit smoothies. Along with burgers, chicken sandwiches & tenders, fries and more.

Simple operation - counter service. Mall seating.

A franchise, but NO royalty, advertising or transfer fees! Turnkey!!

Well established 6 years. Currently absentee owned - fully staffed.

Location: Prime retail space in Providence Place, a 1,400,000 sqft shopping mall anchored by Macy's and Boscov's along with more than 140 quality retailers, plus a Dave & Buster's, IMAX/16-screen movie theater and an attached hotel.

Also features many popular eating & drinking establishments in the mall including Auntie Anne’s, Charleys Philly Steaks, Chatters, China Express, Dunkin’, Gong Cha, Hershey’s Shake Shack Express, Johnny Rockets, Lolli & Pops, ,Naughty Waffles, Orange Julius, Panera Bread, P.F. Chang’s, Ruby Thai Kitchen, Sbarro, Starbucks, Sushi Café, Thai Kitchen, The Cheesecake Factory, The Coffee Cup, Tori Japan, Uno Pizzeria & Grill, Vivi Bubble Tea, Woops Macarons & Cookies and more.

Rhode Island's ultimate shopping, dining and entertainment destination. The best mall in Providence. The largest shopping mall in RI!

Perfectly situated in Providence near the Dunkin Donuts Convention Center, the Vets Auditorium, the Rhode Island State House, Waterfire and several colleges within walking distance including Johnson & Wales University, Brown University and CCRI.

Year Established: 2017.

Lease Information: Current lease expires Nov 2025 with the option to renew.

Square Feet: 1,000.

Seating: Mall Seating.

Days/Hrs of Operation: Mo-Th 11a-8p, Fr-Sa 10a-9p, Su 11a-6p.

Owners Role: Absentee owners.

# Of Employees: 2 Full-Time & 6 Part-Time.

Training: 10 days on-site comprehensive training.

Gross Sales (2022): ~$1,000,000.

Net Operating Income: $357,000.

Value of FF&E: Included In Asking Price (Valued at $165,000).

Value of Inventory: Not Included In Asking Price ($15,000-$20,000 On Avg - Depending On The Time Of The Year).

Seller Financing Available: Possibly, to a well-qualified buyer with a minimum of 50% down.

Reasons for Selling: New businesses in Florida.

Competition/Market: America's favorite. A recognized brand name and premium quality product that attracts/retains more customers.

Premium ice cream, made with real ingredients. The manufacturer makes all of their ice cream from fresh, wholesome ingredients. Fresh cream & condensed milk is delivered to their plant daily. To ensure superior quality, uses pure vanilla extract, the highest quality of cocoa available, fruit flavors made from hand-picked, fresh-frozen fruits & high grades of almonds/pecans/walnuts roasted in their own plant to guarantee freshness & quality!

Growth & Expansion: The parent company was founded in 1894 by five brothers. For over 100 years, this renowned brand has strived to guarantee quality products, excellent service and competitive prices.

Feel free to stop by the location as a customer 1st. This is a HIGHLY confidential listing, please DO NOT talk to any of the owners, employees or patrons. If interested, contact EatZ for more information. Showings by appointment only outside of business hours.

Listed By Tami Hillier at EatZ & Associates

The seller has elected to keep the franchise confidential pending an executed non-disclosure agreement.

1 Providence Pl
Providence, Rhode Island 02903
United States
First name *

Last name *

Your phone *

Your email *

Your message *

Send me more information from these Trusted Sources:

Benetrends FinancialFunding Your Business. Fueling Your Growth.

FranFundGet the funding you need for your franchise from an experienced financial partner.




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