37306-Family Style Restaurant

NC

Seller Financing Available
37306-Family Style Restaurant

Asking Price:$200,000

Cash Flow:$15,000

Gross Revenue:$332,000

EBITDA:N/A

FF&E:$20,000

Inventory:$8,000

Established:1957

37306-Family Style Restaurant

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Business Description

This restaurant is located in southern region of North Carolina and is a full service family restaurant known for their authentic country style breakfasts and their fried fish. This American diner offers home-style cooking for breakfast, lunch and dinner. This cash business offers a new owner a very loyal client base with a 30% increase in sales in 2014. The beautiful city they are located in was established in the late 1700's. This North Carolina business for sale has a knowledgeable and loyal staff that has a good rapport built up with the long term customer base. This is a great opportunity to take a business that is already successful and build on that foundation to secure your future. For more information on this listing, contact us today.

This full service family restaurant has been in business since 1957 with the current owner acquiring it in 2000. After years of hard work and loyal customers standing true throughout the years, the current owners are ready to retire and see a new owner take it to the next level. This wonderful business offers a new owner consistency in supplier, good sales volume, market growth and profitability. This business could be operated in a hands-on or absentee fashion giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired. Out of their total revenues, 100% comes from being a full service family restaurant. For more info on this listing, contact us today. Equipment is included in the sale. Please contact us for additional information.

Detailed Information

Inventory:
Included in asking price
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located off of a high traffic street, this leased building is over 3,000 sq. ft. There is room for expansion and they have been in the same location since 1957.
Competition:
80% repeat clientele.
Growth & Expansion:
Working on additional marketing and advertising such as procuring an Internet presence by building a website would greatly attract more business. A new owner might also consider offering catering services or getting a liquor license. Staying open for the dinner crowd would generate double the sales.
Financing:
Negotiable up to: 20.00 %.
Support & Training:
Key employees will most likely stay on after the sale.
Reason for Selling:
Approaching retirement.

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