149 Elmgrove Ave Providence, RI 02906

Property Details for 149 Elmgrove Ave

Year built

1926

Property type

Retail properties

Property subtype

Bars

Description

Exceptional opportunity to acquire a thriving deli/cafe business in Providence, Rhode Island. Located at 149 Elmgrove Avenue, this established business boasts a strong client base and is situated near Brown University and Wayland Square, ensuring high foot traffic and potential for continued success. The asking price is $199,000 and includes an assignable lease, not the real estate itself. The sale encompasses all existing equipment and furnishings, presenting a truly turnkey operation. This includes extensive commercial kitchen equipment in excellent condition, such as a grill and hood vent system, fry-o-later, deli meat slicer, waffle makers, bagel toasters, refrigerated display cases, prep stations, walk-in cooler and freezer, coffee bar, and ample stainless steel prep tables. Additional assets include all indoor and outdoor furniture, a POS system with associated computers and accessories for online ordering platforms (DoorDash, Uber Eats, Grubhub, etc.), a dishwasher, and various other essential equipment. The property sits on a 1,200 square foot lot and the building was constructed in 1926. This is a single-unit storefront business, ideal for an immediate start-up or expansion of an existing food service operation. This is a rare opportunity to acquire a profitable, established business with minimal start-up costs. The business is categorized as retail, storefront, commercial, restaurant, bar, and bakery.