RI Restaurant for sale, Steps from Brown University 125K+ Earnings
Business Description
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.
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.
About the Business
- Years in Operation
- 30
- Employees
- 1 Full-time
- Facilities & 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,...
- Website
- https://www.wesellrestaurants.com
- Market Outlook / Competition
- 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 concep - Opportunities for Growth
- Significant upside exists through extending hours, particularly late-night service to capture student demand. Additional growth can be achieved through delivery optimization, online ordering, and catering to campus events and surrounding offices. A more active owner-operator can further increase revenue by expanding operating days and marketing efforts.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 800
- Rent
- $4,000 per month
- Lease Expiration
- 10/14/2030
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- 2 4 Weeks
Listing Info
- ID
- 2537025
- Listing Views
Listing ID: 2537025 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.














