The Modern Diner in Pawtucket Hits the Market

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The iconic Modern Diner, a beloved Pawtucket landmark, is now on the market.

News Summary

The Modern Diner, a historic eatery in Pawtucket, is up for sale at $979,000 after more than 40 years of family ownership. Owner Nick Demou expressed bittersweet feelings about the sale, as the diner has deep community ties. Known for its iconic Custard French Toast, the diner remains operational while searching for a buyer, with potential for expansion and growth under new ownership.

Pawtucket, Rhode Island – The Modern Diner, a beloved landmark in Pawtucket, is officially on the market for $979,000, as announced by owner Nick Demou. This decision comes after over four decades of dedicated family ownership, marking a significant transition for the well-known eatery.

In a media release, Demou described the decision to sell as “bittersweet,” a reflection of the emotional ties that the family has with the diner. Established in 1985 by Nick and his late father, Arthur Demou, the diner has deep roots in the community of Pawtucket, a town where Nick was raised and has contributed to local culture through culinary innovation.

The Modern Diner, situated in a 1940s Sterling Streamliner, is not just a restaurant; it is recognized on the National Register of Historic Places. The diner gained national fame in 2015 when it was named one of Food Network’s Top 5 Diners in America, celebrated particularly for its signature offering, Custard French Toast. Nick Demou invented this dish in an unexpected twist of fate when he inadvertently overcooked vanilla pudding, leading to a culinary creation that has since captured the hearts of many patrons.

The diner was originally acquired from the city of Pawtucket, which had intended to redevelop the land into housing for the elderly. Occupying a double lot in a desirable location, the property offers ample potential for future expansion, making it an attractive opportunity for prospective buyers.

The Modern Diner operates daily from 7 a.m. to 1 p.m., serving a diverse clientele that includes students from nearby Brown University and the Rhode Island School of Design. Known for its classic American diner dishes, the establishment boasts a reputation for impressive breakfast offerings, such as lobster benedict and its famed Custard French Toast, making it a local favorite.

As Nick Demou prepares for retirement, he hopes to spend more time with family, but he assures customers that the diner will remain operational while the search for a buyer is underway. The listing hints at various growth opportunities for the diner, including the potential for dinner service, leveraging liquor sales, and enhancing social media marketing, which could help to attract a wider audience.

With a loyal customer base and a welcoming atmosphere, the Modern Diner has become a cherished part of Pawtucket’s identity. Demou expressed his desire for the new owner to preserve the essence of the diner while introducing new ideas, ensuring that the establishment continues to thrive and serve its community.

The Modern Diner is located at 364 East Avenue, Pawtucket, RI, 02860. As this iconic diner transitions into new ownership, it stands as a testament to the rich history and culinary traditions of the area.