WARWICK, Rhode Island
| Asking Price |
$125,000 |
Year Established |
2026 |
|
| Annual Revenue |
$455,000 |
Reason for Selling |
Other |
|
| Annual P/L |
$0 |
Attention |
Damian Santoro |
|
| Annual Cash Flow |
$0 |
Listing Number |
1019129 |
|
| # of Employees |
7 |
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
An outstanding opportunity to acquire a fully equipped, turnkey diner for sale in a desirable Kent County, Rhode Island location. Offered at $125,000, this confidential asset sale provides a buyer with a pristine restaurant buildout, extensive commercial kitchen package, full liquor license, established operating infrastructure, and favorable occupancy costs—all without the time, expense, and uncertainty associated with building a restaurant from the ground up.
The diner for sale occupies approximately 1,790 square feet and features seating for approximately 50 guests, a well-appointed dining area, bar capabilities, excellent signage and visibility, and parking for 15+ vehicles. The space is positioned along a busy roadway surrounded by residential neighborhoods and established businesses, providing a strong combination of local customers and passing traffic.
From We Sell Restaurants, the commercial kitchen is exceptionally well equipped and designed to accommodate a variety of restaurant concepts. Highlights include a 16-foot hood system, six-burner range, fryer, charbroiler, multiple flat-top grills, sandwich preparation refrigeration, walk-in cooler, extensive stainless-steel preparation space, three-bay sinks, commercial microwave, soup kettle, refrigeration and freezer equipment, and a 1,000-gallon grease trap. The existing infrastructure provides considerable flexibility for a buyer wishing to continue the current operation or introduce an entirely different restaurant concept.
The business is currently operating only five days per week with limited hours yet is generating approximately $9,000 in weekly sales. This creates immediate opportunities for a new owner to expand operating days and hours, introduce additional dayparts, further develop the full liquor program, increase third-party delivery, add catering and takeout, or reposition the space around another concept.
Monthly rent is approximately $2,485, providing an attractive occupancy structure for a fully built-out restaurant of this size. The lease is assignable subject to landlord approval and includes substantial remaining term through renewal options, offering a qualified buyer long-term stability.
This is structured as an asset sale; however, the existing business name, goodwill and other operating assets are included, providing flexibility for a buyer to continue the existing operation or rebrand. The full liquor license is also included in the $125,000 asking price.
The current owner oversees the day-to-day operation and back-of-house functions but is not working as a hands-on line employee. An existing staff consisting of one full-time and six part-time employees supports the operation.
This is an attractive opportunity for an owner-operator, experienced restaurateur, chef or hospitality group seeking a fully built-out restaurant with a full liquor license, favorable rent and considerable growth potential in the Kent County market. Additional information is available to qualified buyers following execution of a confidentiality agreement.
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Property Features and Assets:
16 ft hood <br>6 burner stove <br>Fryer <br>24 inch precision hd charbroiler <br>24 inch flat top oven combo<br>4ft precision hd flat top grill <br>2x 4 ft SS prep table <br>Amana commercial microwave <br>Hand sink <br>Vegetable sink <br>3ft chest freezer<br>Utility cart <br>Commercial toaster <br>6 compartment gas soup kettle <br>4ft sandwich prep unit <br>6 ft SS prep table <br>3 bay sink <br>Walkin cooler <br>Undercounter ice machine <br>Mop sink <br>2x coffee maker <br>3 ft SS prep table with casters <br>2x flat screen TVs <br>High chairs <br>Trash receptacles <br>Assorted metro racks <br>Ice well<br>3 bay bar sink <br>1000 gallon in ground grease trap
Market Competition and Expansion:
Located in Kent County along a busy roadway with strong visibility, signage, surrounding residential neighborhoods and established businesses. The area supports a variety of restaurant and takeout concepts, creating competition but also demonstrating consistent local demand. Favorable rent, ample parking, a full liquor license and a substantially built-out commercial kitchen help differentiate this opportunity.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity