For Sale
$350,000

59 Providence PlProvidence, RI 02903

High-Return Franchise Restaurant Investment

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional investment opportunity presents a thriving Johnny Rockets franchise located within the bustling Providence Place Mall in Providence, Rhode Island. The Class A, single-unit business is offered at an asking price of $350,000, boasting a remarkable 42.86% capitalization rate and a Net Operating Income (NOI) of $150,000. This turnkey operation is situated at 59 Providence Pl, 02903, in a high-traffic area of the mall, ensuring consistent customer flow and revenue generation. The established business benefits from the strong brand recognition and proven success of the Johnny Rockets franchise, minimizing operational risks and maximizing return on investment. This presents a rare chance to acquire a well-established, profitable business in a prime commercial location. The property's address is easily accessible and benefits from the high foot traffic associated with the mall. This is a truly exceptional opportunity for investors seeking a strong, stable, and high-yielding investment in a desirable market. Detailed financial information is available upon request. Don't miss this chance to own a piece of a successful, well-known brand in a prime Rhode Island location.

Highlights

  • Asking Price: $350,000
  • Class A, established Johnny Rockets franchise for sale in Providence, RI.
  • High NOI of $150,000, resulting in a 42.86% cap rate.
  • Located in the high-traffic Providence Place Mall.
  • Single-unit business.

Property Details for 59 Providence Pl

Property type
Class
A
Units
1

Location Insight

City
Providence
County
Providence
State
Rhode Island
Latitude
41.8272096
Longitude
-71.4164619
59 Providence Pl, Providence, Rhode Island

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
59 Providence Pl
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message