Successful South Asheville restaurant on busy commercial corridor

Asheville, NC (Buncombe County)

Seller Financing Available
Successful South Asheville restaurant on busy commercial corridor

Asking Price:$279,000

Cash Flow:$110,000

Gross Revenue:$665,000

EBITDA:$110,000

FF&E:$255,000

Inventory:$3,500*

Lease Rate/Sq. Ft.:N/A

Established:N/A

*not included in asking price.

Successful South Asheville restaurant on busy commercial corridor

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Business Description

This location, along a busy commercial corridor, is perfect for the owner operator who is wanting to grow a business. The decor and equipment package is brand new, and the current owner is an industry professional who has cut no corners in the build out and mechanical systems layout. This is truly a turnkey restaurant with positive cash flow on your first day. Purchase price $279,000.00.

Partial owner financing available to qualified buyer. Location can be owner operated or absentee, and alcohol could be added to the menu.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,400
Lease Expiration:
3/1/2024
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2400 square foot building with a lease of 2,279.00 per month that includes water and dumpster located in end cap of a strip center with plenty of parking. All mechanical systems like new with a first class layout and installation. Current lease in place until March of 2024.
Growth & Expansion:
The restaurant is growing thru on site and off premise sales. Alcohol can be added to the menu. Growth opportunities in catering and local store marketing both of which are supported by corporate thru POP materials and technical support systems.
Reason for Selling:
Consolidation of business

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Jeff Eatherly

Business Listed By:
Jeff Eatherly

National Restaurant Properties

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