RI Restaurant for sale, Steps from Brown University 125K+ Earnings

PROVIDENCE, Rhode Island

Asking Price	$320,000	Year Established	1996
Annual Revenue	$375,000	Reason for Selling	Retirement
Annual P/L		Attention	Damian Santoro
Annual Cash Flow	$0	Listing Number	1014854
# of Employees	1	Business Category	Food & Beverage: Restaurants, Fast Food, Deli

Business Overview:

An opportunity to acquire a fully equipped, turnkey quick-service Restaurant for sale located on Thayer Street in Providence, Rhode Island, just steps from Brown University. This is a confidential asset sale offering a highly sought-after location with exceptional foot traffic, strong visibility, and built-in daily demand in one of the most active dining corridors in the state.
Presented by We Sell Restaurants, space consists of approximately 400 square feet at street level, with an additional 400 square foot prep kitchen in the basement, creating an efficient layout for a high-volume takeout and delivery-focused operation. The restaurant offers 11 seats across 5 tables, supporting limited dine-in while maintaining a strong focus on takeout, delivery, and late-night business.
The Restaurant for sale is fully built out and includes an 8-foot hood and Ansul system, along with a complete cooking line, refrigeration, prep stations, and specialty equipment. This setup allows a new owner to step in and begin operations immediately without the time and cost of a new buildout.
This is a rare opportunity on Thayer Street, where restaurant locations are extremely limited and turnover is infrequent. The business benefits from constant foot traffic driven by Brown University, nearby colleges, and dense surrounding residential neighborhoods.
The current owner operates the business independently with limited hours and reports strong earnings, generating over $125,000 annually to the owner, along with approximately $3,000 per month in additional income from tips. There is clear opportunity to further increase revenue through expanded hours, late-night service, enhanced online ordering, and catering to the student and campus market.
With rent of approximately $4,000 per month, this represents a compelling opportunity to secure a fully equipped restaurant in a premier location with significant upside.
This is an asset sale, and while financial reporting may not fully reflect the business's performance, the value lies in the location, existing infrastructure, and strong cash flow potential for an owner-operator.
Additional details will be provided to qualified buyers upon execution of a Non-Disclosure Agreement.
By providing your phone number to We Sell Restaurants, you are agreeing to receive text notifications.

Property Features and Assets:

Padella 5 fr sandwich prep unit
18 inch charbroiler
18 inch flat top grill
2x fryer
Atosa single glass door refrigerator
2 Digital menu displays
Trash receptacle
Host stand
8ft hood and Ansul system
Clover POS system
3ft SS prep table
Hand sink
Rice cooker
4ft chest freezer
True single door glass refrigerator
Padela single door SS Fridge
Microwave
Security system
4ft SS prep table
Sierra countertop convection oven
Pro-cut meat grinder
Igloo ice machine
Waring deli slicer
2x 6ft SS prep table
Rice cooker
Vevor electric blender
Vevor meat grinder
Vegetable prep sink
3 bay sink
Kool-it ikon series freezer
Kool-it ikon series refrigerator
Big Dipper grease trap
Cook rite gas burner
Axis shawarma machine
Ninja blender
2 x small meat grinders
globe digital scale
Metro Racking
Assorted cookware
Assorted catering equipment
Samsung tv
6ft SS equipment stand

Market Competition and Expansion:

Located on Thayer Street, one of Providence?s most active and well-known dining corridors, the business benefits from constant foot traffic driven by Brown University and surrounding colleges. The area has a strong culture of takeout, quick-service dining, and late-night food demand, creating a built-in and reliable customer base. High population density and a steady mix of students, faculty, and residents support consistent daily volume.

Cons:
Thayer Street is a competitive food environment with a concentration of quick-service and fast-casual concepts, requiring strong execution and consistency to stand out. Limited space may restrict expansion of dine-in operations, and the market tends to favor operators who are actively involved in day-to-day operations to maximize performance.

Additional Details: