Looking to change things up career or investment wise as we head towards fall in Newport, RI? Well you’re in luck, here’s a look at 10 businesses in or very near The City By The Sea that can be yours.
Businesses For Sale In Newport, RI
As of September 15, 2015
The information included has been gathered from the real estate company or website that is stated with each listing. What’sUpNewp has no stake in the sale of any of these businesses, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
1 – Bucci Liquors
Bucci Liquors, located at 3 Thames Street, is currently listed with Kirby Commercial for sale at $700,000.
Property Description: Very rare and exciting opportunity to purchase well known downtown building and long standing liquor store together. Full basement with 7 foot ceilings for inventory storage. Ideal location with parking, a rarity in its downtown location. Inventory not included in sale price. Property is recognized by zoning as retail in use. This business is surrounded by historic colonial homes. Ideal location to benefit from strong nearby year round clientele and to service the summer visitors and boating crowds. Business has been in the same family for a long time. Owner is looking to retire. Price includes Real Estate, fixtures and Retail Liquor License. Liquor Inventory to be negotiated.
2 – The Lil’ Clam
The Lil’ Clam (formerly El Perrito), located at 190 Thames Street, is currently listed with Kirby Commercial for sale at $70,000.
Property Description: The Lil’ Clam is a fantastic opportunity awaits the restaurant entrepreneur, front & center, downtown Newport! Standard restaurant with full kitchen, hood, equipment is now available for sale in the heart of heavy foot traffic on upper Thames St., steps from Starbucks, Brooks Brothers and Brick Marketplace. Don’t miss out – turn key.
3 – Vicinity Valet
Vicinity Valet is currently listed on Craigslist (many times) for sale.
Property Description: Great opportunity for an established business. Are you looking to buy a fun company? I have a Valet company up and running and ready to sell. I am willing to stay on and teach you how I ran the company. This includes all inventory. It is a turnkey operation all you need to do is step in and take over. Please inquire with any questions you may have.
4 – Serenity Day Spa
Serenity Day Spa, located at 42 Valley Road in Middletown, is currently listed with Kirby Commercial for sale at $60,000.
Property Description: A lovely day spa in a truly Serene environment in the heart of Middletown. This business is ready for your entrepreneurial spirit. A great opportunity to be your own boss and run this newly established viable business. All the work is done for you to step in and take over this well appointed spa.
5 – Gelato and Frozen Dessert Store
There is an unnamed Gelato and Frozen Dessert Store in Newport, RI for sale on BizBuySell for $110,000.
Property Description: For Sale– Newport, RI Retail Ice Cream Store! Winner of “Best of New England Dessert Showcase 2014” This Award winning brand of batch made, all natural, artesian Gelato, is featured in finer restaurants, gourmet shops, grocery stores, hotels throughout MA, RI, CT and NY. The company is selling its retail location, founded in 2006.The store is located in the heart of Newport’s charming business district where is has a cult following by locals as well as tourists. This business has a proven business model, branded product, a broad customer base and is poised for growth with a new buyer and energy.
6 – Clothing Store
There is an unnamed Clothing Store for sale in Newport, RI for sale on BizBuySell for $429,000.
Property Description: We are offering an established high end retail clothing business with a proven track record. Located in a prime location in Newport with a great customer base, both locals and tourists. Fashionable product lines, customer service and a unique store make for a fun shopping experience that is unforgettable. This is a turnkey operation with exclusive territory for main product lines and a fully developed social media presence. You will be taking over a profitable business with an average 10% growth rate for the past few years that will deliver you just over a six figure salary immediately.
7 – Wellington Liquors
Wellington Liquors in Newport, RI is currently listed for sale on BizBuySell for $290,000.
Property Description: Very close to the ocean, – the location is fantastic — location , location, location! Bridal Beverage catering and Beverage services provided to Newport and it’s neighboring island communities since 1986. REDUCED PRICE! Asking $290K for license, plus actual value for current inventory. Please call me if you are serious, my cell is 401-536-3774 or complete the contact form and I will get in touch with you. Thanks. Financial statements available after buyer signs confidentiality agreement and supplies financial capability. CASH ONLY OFFERS, NO SELLER FINANCING
8 – Flower Shop
There is an unnamed Flower Shop located in Newport, RI currently listed for sale on Craigslist for $130,000.
Property Description: This sale is for the “Business Only”. Real estate NOT for sale…..You can own a 50+ year, well established, Newport, Rhode Island profitable Flower shop… Ideal candidate is anyone (male or female) with a natural talent for flower arranging, and artistic hands on work. Owner will transition you until you are comfortable with the day to day operations. Minimal/NO business skills needed to operate flower shop succesfully. Owner can fully train the right person in less than 30-days. The most important pre-requisite is an artistic eye. The last 3 years have produced an incline in gross receipts. New owner/operator should easily net over 100k/ annually with a realistic 30-40 hour work week. Business is at least 90% credit card and online orders. Very little cash, therefore records are very transparent for SERIOUS prospective buyers. Financials can be provided AFTER interested parties participate in a brief qualifying process. This is a legitimate business opportunity for a solid individual that has dreamed of making a career change into an exciting, relaxed, and creative field.
9 – Property Management & Maintenance Business
There is a Property Management & Maintenance Business located in Newport, RI currently listed on Craigslist for $390,000.
Property Description: This well established property management and project services company was built from the ground up by its current owner in 2009. All clients are on recurring maintenance programs with perpetual income from regularly scheduled maintenance and project oversight. Clients are all hand selected and retained for their commitment to running their properties the right way with no shortcuts. Majority of accounts are Summer/Vacation homes and some rental properties. Each property under management is valued between $1M and $8M each. All properties are within 10 miles of Newport. Assets include 2 well maintained vans, ladders, wide assortment of tools and supplies, website, web based phone system, 1500sf leased office space with sublet income, and many more. The phone number is included and regularly gets calls from non-management contract callers for service calls which adds to this operations income flexibility; take as much or as little work as you’d like. Seller works about 40hrs per week and takes about 5 weeks vacation a year. Reliable subcontractors and a full time property manager are currently on the road and know all the properties and clients well. 09-10-11-12 growth was steady and 2013-14-15 has put the company over $500,000 in annual sales. This is for an individual or existing operation that can provide expertise, organization, and decision making skills to clients regarding property operation and maintenance. It is a perfect compliment to a real estate brokerage. The rental commissions passed up and given to the local rental agents in 2014 was over $100,000 alone. This business is for an owner/operator not an investor. Seller willing to finance a portion with collateral and stay on for an agreed amount of time. Seller will non-compete in RI and is operating a similar business in a nearby coastal area. Info will only be supplied to qualified inquirers. Reply with your credentials to setup a meeting. Thank You
10 – Manufacturer
There is currently a Manufacturer of high end hospitality and corporate booths and seating that is located in Newport, RI that is listed for sale with United Brokers Group.
Property Description – Manufacturer of high end hospitality and corporate booths and seating. Designs, manufactures, and installs custom products in all sizes, configurations, and colors. Very strong first quarter results just received with revenues up 84% versus 2014 1H. Sales for nine months were $665,567 (estimate) and profit of $175,000 (estimate). New customers and strong end markets driving growth. Twenty years of established profitable operations serving major branded restaurants, top northeast restaurants, casinos, major millworks, construction management firms and blue chip corporate clients. Very good quality financial statements. Well organized flow to manufacturing facility. No working capital issues due to deposit and construction contract payment terms. Also provides reupholstering and renovation services.