Waterman Grille

What Waterman Grille does

Waterman Grille is a single-location, full-service American restaurant located at 4 Richmond Square in Providence, Rhode Island, operating inside a restored 1871 bridge gatehouse along the Seekonk River. The venue features floor-to-ceiling river views in the Riverview Room, an open kitchen with a signature wood-fired grill, and a relaxed, sharing-oriented atmosphere across dinner (Mon-Sun), weekend brunch (Sat/Sun 10a-2p), and a full bar program. Its core product is seasonal, locally-sourced New England cuisine prepared by Executive Chef Brandon Phillips and a four-person culinary team, with a la carte menu pricing from $7 (warm olives) to $55 (8oz Grilled Filet Mignon), plus a $46.95 three-course Providence Restaurant Week prix fixe and a kids menu at $10.

The business operates four distinct revenue streams: dine-in restaurant sales, private events and weddings in four event spaces (Riverview Room, Patio, Loft, East Side Room) accommodating up to 120 seated or 150 cocktail guests, OLO-powered takeout and delivery, and recurring visits driven by Newport Restaurant Group's Fare Rewards loyalty program (200 points = $15 credit). The restaurant is one of 17 properties under Newport Restaurant Group, a 100% employee-owned New England hospitality group; this affiliation provides shared infrastructure including a unified gift card valid across all NRG restaurants, centralized online ordering, and the OpenTable Diners' Choice Award 2025 listing. GTM motion is direct-to-consumer via the physical location, online reservations, OLO off-premise ordering, and direct private-event sales through a dedicated Sales Manager.

Name

Waterman Grille

Legal name

Waterman Grille

Website

https://watermangrille.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Waterman Grille is a single-location full-service American restaurant in Providence, Rhode Island, housed in a restored 1871 bridge gatehouse on the Seekonk River, serving seasonal wood-fired cuisine to individual diners, families, and private event hosts under Newport Restaurant Group.

Ownership category

akta.pro rank

Product category

Full-Service Restaurant

NAICS

Full-Service Restaurants (722511), Caterers (722320)

akta.pro primary industry

Farm-to-Table & Contemporary American Restaurants (THAFACAF)

Keywords

• Full-service dining
• Wood-fired grill
• Seasonal American cuisine
• Private event catering
• Waterfront restaurant

Headquarters

HQ city

Providence

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Dine-in Restaurant Sales: Revenue from seated dining service offering seasonal American cuisine with wood-fired grill specialties, appetizers, entrees, desserts, and beverages during operating hours
2. Private Events and Weddings: Revenue from hosting private events including weddings, showers, corporate meetings, and social gatherings in four distinct event spaces accommodating up to 120 guests
3. Takeout and Delivery: Revenue from takeout and delivery orders placed through OLO online ordering platform
4. Fare Rewards Loyalty Program: Frequent diner program where members earn points redeemable for $15 reward credits for every 200 points, driving repeat customer visits

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Waterman Grille is a full-service restaurant in Providence, Rhode Island, offering seasonal American cuisine prepared on a signature wood-fired grill in a restored 1871 bridge gatehouse along the Seekonk River. The restaurant provides dine-in service across dinner and weekend brunch, hosts private events and weddings in four distinct event spaces, and fulfills takeout and delivery orders through the OLO online ordering platform.

Product overview

Waterman Grille is a single-location full-service restaurant offering a unified dining experience centered on seasonal American cuisine prepared with wood-fired grill techniques. The restaurant operates as part of the Newport Restaurant Group portfolio. Core offerings include in-restaurant dining services across multiple meal periods (dinner, Saturday brunch, Sunday brunch), four private event spaces for weddings and corporate functions, and an online ordering system for takeout and delivery via Olo. Supporting services include a Fare Rewards loyalty program and gift cards valid across all 17 Newport Restaurant Group properties. The menu is organized by dining period (Dinner, Brunch, Dessert, Kid's) with a comprehensive beverage program, and the restaurant participates in Providence Restaurant Week events with special multi-course menus.

Differentiator

Problem solved

Functional benefit

Products and services

• Full-Service Restaurant Dining Full-service riverside dining experience in a restored 1871 bridge gatehouse along the Seekonk River, featuring seasonal American cuisine with wood-fired grill preparations, open kitchen, and a relaxed sharing-based atmosphere. Open for dinner Monday-Thursday 4p-9p, Friday 4p-10p, Saturday and Sunday brunch 10a-2p, Saturday dinner 3p-10p, and Sunday dinner 3p-9p.
• Private Events and Weddings Four distinct private dining spaces—Riverview Room (up to 120 guests seated or 150 for cocktail receptions), Patio (60 seated or 80 cocktail), The Loft (up to 36 guests), and East Side Room (up to 30 guests)—for weddings, showers, corporate meetings, luncheons, and social gatherings.
• Takeout and Delivery Service Online ordering through the OLO platform for counter pickup and delivery, offering the full Waterman Grille menu for off-premises dining.
• Catering Services Off-site catering for private events featuring customizable menus with the restaurant's signature wood-fired grill and seasonal approach to cooking.
• Fare Rewards Loyalty Program Free Newport Restaurant Group loyalty program where members earn points redeemable for $15 reward credits for every 200 points, usable across all 17 Newport Restaurant Group restaurants.
• Newport Restaurant Group Gift Cards Gift cards valid at all 17 Newport Restaurant Group properties including Waterman Grille, available for online purchase with shipping or personalized handwritten notes.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature1 record

Partnerships

One partnership is on record.

• Newport Restaurant Groupflagship/centralOthersWaterman Grille is owned and operated by Newport Restaurant Group, New England's premier hospitality company with 17 unique restaurant brands. The partnership provides shared infrastructure including the Fare Rewards loyalty program, centralized gift card system, OLO online ordering platform, and unified career opportunities portal. As part of the NRG network, Waterman Grille participates in cross-brand promotions and the NRG gift card can be used across all 17 locations including The Lawn Terrace at Castle Hill, Aurelia at Castle Hill, 22 Bowen's, The Mooring, Smoke House, Bar 'Cino, La Vecina, J.T. Commons, Hemenway's, Iron Works, Celeste, Boat House, Avvio, Papa Razzi, and other NRG properties. Newport Restaurant Group is 100% employee-owned.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• The Capital Grille: National upscale steakhouse chain with private dining capabilities and a comparable menu price ceiling. Comparable on price point, private event offerings, and full-service dining model, but as a multi-location incumbent.
• Eddie V's Prime Seafood: National upscale chain offering prime seafood, steaks, and extensive wine program with private dining rooms. Comparable on premium full-service dining, large private event spaces, and curated beverage program — but operates as a multi-location chain rather than a single venue.

Regional players

• The Coast Guard House: Narragansett, RI waterfront restaurant offering scenic views, seasonal menus, and private event space. Comparable on waterfront location, special-occasion dining, and event capacity outside the Providence core.

Direct peers

• The Dorrance: Providence upscale restaurant housed in a historic bank building, serving contemporary American cuisine at comparable price points with a focus on ambiance and special occasions. Comparable on experience-driven dining and historic-venue positioning.
• Salt Kitchen & Tasting Bar: Rhode Island restaurant focused on seasonal, locally sourced cuisine with private event offerings. Comparable on farm-to-table sourcing, event programming, and New England seasonal dining positioning.
• Al Forno: Providence-based upscale casual restaurant known for wood-fired grilled Italian cuisine. Directly comparable to Waterman Grille as a similarly priced, full-service Providence dining destination with a signature grill and farm-to-table sourcing philosophy.
• Gracie's: Providence upscale American restaurant offering seasonal tasting menus and à la carte service. Comparable on farm-to-table sourcing, seasonal menus, premium price points, and emphasis on special-occasion dining in Providence.
• Camille's Restaurant: Providence Italian restaurant on Federal Hill operating in a historic building with comparable pricing and private dining capacity. Similar full-service dining model in Providence with seasonal menus.

Others

• Castle Hill Inn: Sister Newport Restaurant Group property in Newport, RI offering fine dining and waterfront events. Same parent company and shared infrastructure (Olo, Fare Rewards, gift cards); useful as a comparable within the NRG portfolio rather than as a direct competitor.
• Hemenway's Restaurant: Sister Newport Restaurant Group seafood restaurant in Providence with comparable pricing and private event spaces. Same parent company, shared loyalty program, and shared operational backbone — useful as an intra-portfolio comparable.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/waterman-grille

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Waterman Grille