Lakeside Restaurant with Real Estate

Raleigh, NC (Wake County)

Lakeside Restaurant with Real Estate

Asking Price:$449,000

Cash Flow:$11,816

Gross Revenue:$315,206

EBITDA:N/A

FF&E:$20,000

Inventory:N/A

Real Estate:$449,000

Established:2006

Lakeside Restaurant with Real Estate

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Business Description

Premier restaurant in a historic, lakeside town

This is a rare opportunity to own one of the premier restaurant in a historic, lakeside town that is just to the north of Raleigh. The town is popular with tourists and is located on a 50,000-acre lake, which is known for fishing and boating and popular for family vacations. The restaurant has been open since 2006 and is just a two block walk from the lake and town docks. This is turn key opportunity to own a restaurant with an outstanding reputation in its marketplace and it comes with the restaurant’s furniture, fixtures, equipment and supplies and it allows the purchaser to own the related real estate, enabling them to build equity in the property, as opposed to leasing it.

Detailed Information

Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The facility is comprised of approximately 3,615 square feet in a 125-year old Victorian style house located on the downtown thoroughfare of a historic lakeside town. The restaurant has four separate dining areas, a separate room with a bar, a fully equipped kitchen with well-maintained equipment and two separate areas for outdoor seating, the front porch and a covered patio. The restaurant can seat about 144 people. The facility was renovated in 2006 and well maintained ever since.
Competition:
There are few other restaurants in the area, but this one has a fantastic reputation and great name recognition.
Growth & Expansion:
Additional revenue can be generated by instituting a comprehensive marketing program.
Support & Training:
Seller will provide training and transitional support.

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Tim Martin

Business Listed By:
Tim Martin

Empire Business Brokers Inc.

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