01
With a 76.95/100 opportunity score, Providence outperforms 75% of comparable markets for Restaurant ventures
Data-Driven Market Intelligence
Best Restaurant Location in Providence
Marketlyzer calculates a 76/100 opportunity score for restaurants in Providence, supported by high competition and $52,000 average income, plus a 73/100 foot traffic index.
At 4.9:1 investment-to-wage ratio, Providence Restaurants need operational excellence to reach profitability
76/100 opportunity score
1,676,000 metro residents
$52,000 average income
38/100 launch timing score
Cautious - High Preparation
190K
City Population
$52K
Avg Income
High
Business Density
5
Key Industries
Interactive Location Finder
Find the Best Restaurant Location in Providence
Use our AI-powered map to discover the perfect street address in Providence. Select your target area and unlock competitor gaps, foot traffic data, and optimal zones.
Free analysis • No credit card required
Restaurant Finder
Providence, United States
Unlock instantly:
✓ Competitor map
✓ Foot traffic data
✓ Optimal zones
✓ Revenue estimate
Click the map to select your target area
Competitor Locations
Opportunity Zones
High Traffic Areas
1,676,000 potential customers in metro area
500+ businesses helped
Real-time market data
AI-powered recommendations
Market Analysis
Restaurant Opportunity Score
Data-driven potential for success in Providence based on 7 key market factors
76
/ 100
Market Opportunity
Based on 7 comprehensive market factors
Strong Opportunity
Financial Overview
Average Startup Cost
$255,000
Industry Success Rate
18%
Expected ROI Timeline
18-36 months
Customer Draw Radius
800m
Free 30-Minute Demo
Find the Perfect Restaurant Location in Providence
We'll show you the exact neighborhoods and addresses where your restaurant will thrive—with competitor gaps, foot traffic data, and revenue potential.
No credit card required
Unique Market Intelligence
Providence Restaurant Insights
Data-driven analysis unique to this market combination
Market Position Analysis
Unique positioning insights for Providence
At 4.9:1 investment-to-wage ratio, Providence Restaurants need operational excellence to reach profitability
exceptional customer density of 59,857 residents per commercial dollar provides natural demand
Providence's balanced Restaurant landscape rewards innovation—pedestrian flow rates 73/100
Providence's Finance, Tourism presence delivers 2x customer base advantage for Restaurants
Competitive Market Position
How Providence ranks nationally for restaurants
With a 76.95/100 opportunity score, Providence outperforms 75% of comparable markets for Restaurant ventures
Strategic Recommendations
Actionable strategies tailored for Providence
⏰ In Providence's stable market, timing matters less than positioning. Rather than rushing, use 12-18 months to secure ideal location, build relationships with suppliers, and refine your Restaurant concept.
📍 Real estate advantage: Providence's $28/sqft lets you lock in prime corners that'd cost 2-3x elsewhere. The 73 traffic index means investing in storefront appeal and local marketing to compensate for lower natural flow.
💰 Pricing flexibility: Providence's $52,000 income level supports both value and mid-tier Restaurant concepts. Test pricing to find your segment—don't assume you must compete on price alone in this middle-market city.
📢 Balanced approach: Providence's 73 foot traffic provides baseline awareness, but allocate 6-8% of revenue to digital marketing (Google, social) to fill gaps and drive intentional visits. Track which channels deliver actual customers, not just impressions.
Launch Timing & Momentum
Align your opening window with market-ready signals
Entry Signal
Cautious - High Preparation
Current conditions in Providence favor waiting over rushing. Spend 6-12 months building relationships, studying successful operators, and refining your concept. Enter when you can identify a clear opening that competitors haven't filled.
Timing score: 38/100
- ⚖️ Moderate competition - balanced market entry
- 🚶 Good foot traffic (73) - organic visibility
Seasonal Levers
- Holiday dining
- Summer outdoor seating
- Event catering opportunities
Restaurant Market Analysis for Providence
Why Providence for Restaurants?
- Metro population of 1,676,000 provides large customer base
- Average income of $52,000 supports restaurant spending
- High business density indicates healthy economic activity
- Strong foot traffic opportunities throughout the city
- Strong demographics opportunities throughout the city
Restaurant Success Factors
Foot traffic
Essential
Demographics
Essential
Competition density
Essential
Parking availability
Essential
Visibility
Essential
Local cuisine preferences
Essential
Restaurant Market Insights for Providence
Tourism industry creates diverse dining opportunities and higher traffic
Seasonal Considerations for Providence
Holiday dining
Summer outdoor seating
Event catering opportunities
Best Providence Neighborhoods for Restaurants
Data-driven analysis of optimal areas based on restaurant success factors
Downtown Providence
High Potential
Highest foot traffic in city
Premium pricing potential
Diverse customer base
Business District
Strong Weekday
Office worker demographics
Peak lunch & after-work hours
Catering opportunities
Suburban Areas
Growth Area
Family-oriented demographics
Lower competition density
Ample parking available
Providence vs Other United States Cities for Restaurants
Market Signals
Restaurant Insights Unique to Providence
Every business + city URL now shows a different mix of ratios, rent dynamics, and demand levers.
02
In Providence, Demographics becomes the tiebreaker because $52,000 income bands.
03
Providence leads Atlanta by -14 opportunity points, justifying elevated location costs.
04
Our restaurant opportunity index scores Providence at 77/100—reflecting $52,000 resident earnings and 73 traffic rating.
05
exceptional customer density of 59,857 residents per commercial dollar provides natural demand
FAQ
Restaurant FAQs for Providence
Each answer references real Providence data so this section is unique across the site.
What makes the Providence market distinctive?
exceptional customer density of 59,857 residents per commercial dollar provides natural demand
What operational lever matters most for restaurants in Providence?
Demographics should lead your playbook because $52,000 income bands when launching in Providence.
How does Providence compare to other restaurant markets?
Benchmarked against Atlanta, Providence delivers -14 additional opportunity points—driven by superior market conditions.
What playbook works best for restaurants in Providence?
⏰ In Providence's stable market, timing matters less than positioning. Rather than rushing, use 12-18 months to secure ideal location, build relationships with suppliers, and refine your Restaurant concept.
Data Sources & Methodology
Our analysis combines multiple authoritative data sources
Economic Data
- World Bank Open Data
- International Monetary Fund (IMF)
- National Census Bureaus
Business Intelligence
- Ease of Doing Business Index
- Global Innovation Index
- Industry Association Reports
Demographics
- UN Population Division
- Municipal Open Data Portals
- Consumer Expenditure Surveys
Real Estate
- Commercial Real Estate Listings
- CoStar Market Analytics
- Local Zoning Databases
Methodology Note: Our opportunity scores are calculated using a weighted algorithm that considers population density, income levels, competition saturation, commercial rent costs, and industry-specific success factors. Data is refreshed quarterly from authoritative sources. Individual results may vary based on specific business circumstances, local regulations, and market conditions not captured in aggregate data.
Ready to Open Your Restaurant in Providence?
Cautious - High Preparation with a 76/100 opportunity score, high competition, and a 73/100 foot traffic index. Current conditions in Providence favor waiting over rushing. Spend 6-12 months building relationships, studying successful operators, and refining your concept. Enter when you can identify a clear opening that competitors haven't filled.