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Asking Price: $550,000

212 Water Street - Sale & Leaseback - Block Island

Block Island, RI
Washington County

Turnkey acquisition of three fully built-out restaurant concepts located at 212 Water Street, a renovated approximately 12,000-square-foot, three-story property positioned immediately adjacent to the Block Island ferry landing. The real estate is not being sold. The purchaser acquires the restaurant operating assets and enters into a new lease with the property owner.RESTAURANT CONCEPTS• OneBI Steak & Oyster House: 162-seat higher-end restaurant and bar with approximately 80 indoor seats and 82 outdoor/deck seats. Kitchen is 100% new with new plumbing and new floor. All wired for KDS• Block Island Clam Cake Co.: Fast-casual, grab-and-go concept designed for ferry traffic and day visitors, featuring clam cakes, chowder, doughboys, lobster rolls and related offerings.• Italian Prepared Foods & Deli: Deli and prepared-food concept serving island residents, seasonal residents, workers, boaters and weekly renters.ASSET SALEPurchase Price: $550,000. The transaction includes substantially all furniture, fixtures, equipment and operating assets associated with the three restaurant concepts, together with the applicable concept names and intangible operating assets, except the “Pasta Patch” name.Trade Fixture Exclusion. Trade fixtures and building components that are permanently affixed, bolted, installed or otherwise attached to the building or structure are excluded from the asset sale and remain the property of the landlord. This includes, without limitation, the walk-in cooler, exhaust hoods, installed booths and other permanently affixed building fixtures. A detailed asset schedule should govern the final conveyance.Details:PARKING:7 spots, plus publicEQUIPMENT:All FF&E is included in the Asset Sale. Equipment is NEW.LEASE TERM:5 years plus a 5-year optionBASE RENT:$10,000 plus NNNCONCEPT:Three Restaurant ConceptsSEATING:162 seats at OneBI (80 indoor / 82 outdoor-deck)SIZE:12,000 SFHOURS:Business is currently closed. Inquire for previous hours.LICENSES:Full liquor license and CV licenseSALES:Please call for detailsCASH FLOW:Asset sale with leasebackASKING PRICE$550,000 (Asset Sale)

Cash Flow Not Disclosed
Revenue Not Disclosed

Asking Price: $150,000

Pizza Shop for Sale Near URI Turnkey College Location

Kingston, RI
Washington County

An opportunity to acquire a well-established fast casual Pizza Shop for Sale located near a major college campus in Southern Rhode Island. This business has been operating since 2006 and has been under current ownership since 2019, maintaining a steady and reliable customer base driven by consistent student traffic. With a proven concept and strong location, this is an ideal opportunity for an owner-operator seeking a cash-flow-positive business with predictable demand.The Pizza Shop for Sale operates out of approximately 850 square feet with seating for 16 guests, offering an efficient footprint designed for high-volume takeout and quick-service dining. Rent is $2,415 per month, making it a manageable occupancy cost for the area. The location benefits from a built-in customer base tied directly to the surrounding college population, ensuring steady foot traffic throughout the academic year.With annual revenue in the mid-six-figure range and a healthy owner benefit, this well-established pizza shop offers an excellent opportunity for an owner-operator seeking a profitable and easy-to-manage business. Presented by We Sell Restaurants, the business enjoys a loyal customer following, excellent online reviews, and a simple, proven operating model that provides a strong foundation with additional upside potential.The Pizza Shop for Sale has a kitchen that is fully equipped with a 12-foot hood and Ansul system, double stack 32" conveyor pizza oven, 60-quart dough mixer, flat top grills, and fryers, along with all necessary equipment to support ongoing operations. The setup is turnkey, allowing a new owner to step in and continue service immediately without additional investment.There is room for growth through expanded marketing, online ordering platforms, and delivery services, as well as extending hours during peak student seasons. A new owner could also introduce additional menu items or late-night offerings to further capitalize on the college demographic.This offering is ideal for an owner-operator or small group looking to acquire a proven pizza concept in a high-demand college market with consistent sales and growth potential. The seller will provide two weeks of training to ensure a smooth transition.This is a confidential listing. Business name and address will be disclosed only to qualified buyers who complete a Non-Disclosure Agreement (NDA).By providing your phone number to We Sell Restaurants, you are agreeing to receive text notifications.

Cash Flow $70,145
Revenue $313,803

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