Legendary Rhode Island Diner with Real Estate & Expansion Opportunity
Business Description
Modern Diner is looking for its next chapter to begin!
Take over this well-established, iconic diner with decades of history, complete with under-market-value real estate, a double lot, and the potential to build or expand in a desirable location.
These examples highlight the property’s historical significance while emphasizing its real estate value and development potential. Let me know if you’d like additional options!
TO RECEIVE ANY ADDITIONAL INFORMATION, YOU MUST SIGN THE NDA.
These examples highlight the property’s historical significance while emphasizing its real estate value and development potential. Let me know if you’d like additional options!
TO RECEIVE ANY ADDITIONAL INFORMATION, YOU MUST SIGN THE NDA.
About the Business
- Facilities & Assets
- Turnkey business includes real estate built in 1984, tables and chairs with seating for 95, a full bar, fully functional and adaptable kitchen with reach-in refrigerators, chest and upright freezers, salad units, glass door refrigerators, dishwasher, stove, grills, and fryer.
- Rich history
- Brand recognition and reputation
- Great location
- Stable history of profitability
- Great all-season business
- Trained staff willing to stay - Market Outlook / Competition
- The restaurant holds a niche yet significant place within the local food service sector, catering to a broad, diverse clientele, and represents a mature market with steady demand, strong local cultures and historical connections. Location with proximity to downtown clientele as well as travelers - Well recognized with public guest reviews on Tripadvisor, Food Network, Yelp, Facebook, The Providence Journal, Atlas Obscura, Rhode Tour, Reddit, Wikipedia - Premises well maintained and in good repair
- Opportunities for Growth
- Strengths: This business benefits from strong brand loyalty, a unique and nostalgic dining experience, and a diverse menu that appeals to a wide audience.
Opportunities: Expansion into underserved markets, expanding hours of operation, leveraging liquor sales, leveraging social media for marketing, and introducing healthier menu options can drive growth.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 3,736
About the Sale
- Seller Motivation
- Owners Retiring
- Transition Support
- Trained staff willing to stay.
Listing Info
- ID
- 2259841
- Listing Views
- 3795
Business Location
Listing ID: 2259841 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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