Established Profitable High Traffic Area Restaurant

Orange County, NC

Established Profitable High Traffic Area Restaurant

Asking Price:$189,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:$120,000

Inventory:$900*

Established:2001

*not included in asking price.

Established Profitable High Traffic Area Restaurant

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Business Description

With plenty of walk by traffic so essential for success in the food industry and menu items that reflect a trending market segment this offering is ideal for a family owned business. The restaurant has been located in the same spot since 2001 and the current owners have been successfully serving the area for ten years. There are healthy items not found in the franchise world of fast food and yet the customer can walk in and get a fast meal or to go order quickly. Delivery service has been recently added to increase the revenues. Total revenues are in excess of $300,000 and adjusted net to owner above $72,000 with an attractive selling price of $189,000 this offering will not last long. You need to see this one if you are looking for a well-run business.

Detailed Information

Inventory:
Not included in asking price
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Opened originally in 2001. Current owners have owned the restaurant for 10 years and it has been profitable for that period.
Competition:
Niche restaurant with very little competition. Markets: This restaurant is in a very high traffic area with constant daily traffic so important in the food industry. There is no other restaurant that fills this niche in the immediate area. There are very frequent local events that create revenues allowing the new owner to continue to reap the benefits. A major university is in close proximity.
Growth & Expansion:
College setting. Strengths: • Friendly service and commitment to quality • Great location that reduces the marketing expense to well below the industry average of 2.2%. • Loyal repeat customers and major university in close proximity Company Facilities and Operating Hours: The operating hours are Sunday through Thursday 11:30 AM to 9:45 PM. Friday and Saturday 11:30 AM to 10:00 PM. The equipment has been well maintained and in excellent working order.
Support & Training:
1 weeks
Reason for Selling:
other business interests

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Ray Canoy

Business Listed By:
Ray Canoy

Transworld Busines Advisors of Durham

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