395 Thames Street for Sale

Olive Oil Business for Sale- Reduced!


Property Description

A wonderful and fun business opportunity awaits the entrepreneur!  All of the hard work has been done. All you have to do is take over this very successful business and benefit from the well established cash flow. The ideal combination of income and the pure enjoyment of dealing with those passionate about great food. Great conversations with curious foodies and some of the greatest chefs in the area. Virgin and Aged is located in the midst of the heavily traveled tourist area along Newport’s waterfront! Unlimited opportunity to grow this business with your new perspective and energy.  Revenue opportunities that have not been proactively solicited:  Wedding Favors, Corporate promotions and gifts, private tasting events, Olive Oil of the Month Club and sales to local Chefs. Founder is retiring and passing on all the fun!

  • A Virgin & Aged contact list with over 2,500 repeat customers and a successful e-commerce website that will transfer with the sale.
  • Flexible options to rent or purchase the premises. Training to be provided.
  • Financial information is available upon submission of Confidentiality Agreement and Buyer’s Financial Outline Form
  • Forms available at bottom of page
  • To visit the Virgin & Aged web site click HERE

Property Details

Address: 395 Thames Street, Newport, RI
Buillding Size: 1316 sq.ft. - 776 sf Retail/540sf 2nd Floor (office and storage)
Sale Price: $95,000 Business Only
Lease Price: $4,000/mo or buy the commercial condo for $575,000
Condo Association: Newport On-Shore Condominium
Plat: 27
Lot: 277/R5
Unit Descriptions:

With Sale of the Business the property is available for Sale or Lease

  • Sale-    $575,000.00   See sale listing page by clicking HERE
  • Lease-    Rent-   $4,000 per month + Utilities
  • Term- Negotiable
  • Rent Increases- 3% annual increase plus increases in tax and condo fee over base year
Location: Waterfront - Tourist area -High Traffic Area
Site: Condominium Store Front
Parking: Space has two dedicated, deeded parking spaces
Electric: 100 amp- circuit breakers
Heat / Air: Electric Forced Air HVAC - Avg $65-$250/mo based on variable needs
Available Date: Immediately
Financial: Must Prove Financial Strength/ Sign NDA
Zoning: Waterfront Business (WB)
Trash: Occupant Responsible
Condition: As Is
Virtual Tour Link: http://www.virginandaged.com

395 Thames Street, Newport, RI,
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