Turnkey family casual restaurant

NC

family room

Asking Price:$299,000

Cash Flow:$93,417

Gross Revenue:$740,000

EBITDA:$68,016

FF&E:$206,000

Inventory:$10,000*

Lease Rate/Sq. Ft.:$31,664

Established:2013

*not included in asking price.

Turnkey family casual restaurant

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Business Description

Turnkey one hundred forty five seat restaurant in high traffic location. This recently remodeled restaurant is part of a growing regional franchise group. A great opportunity for the owner operator who is ready to run a very profitable business that targets family casual lunch and dinner patrons.

The recent remodel was professionally done with solid equipment package and efficient layout. Plenty of parking and outdoor seating along with a private dining room has this restaurant showing steady growth.

Make money from your first day of ownership, training from the seller along with purchasing support from the franchiser will have the experienced operator transitioning into a steady business owner in no time.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
4,425
Lease Expiration:
11/20/2018
Employees:
25
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Remodeled brick restaurant with all of the standard equipment layout, walk in, and stations. The majority of the equipment is less than three years old and has been well maintained. The resurfaced parking lot has ninety spaces on a high traffic state highway with close by interstate exit. Current lease expires in 2018 with and additional five year option.
Competition:
The restaurant is located in a growing area of Asheville. The family/casual style is continuing to grow with both lunch and dinner sales. This style of food and price point limits the competition in the market place.
Growth & Expansion:
Asheville continues to grow in this market and the business will continue to grow with it.
Support & Training:
The is a regional franchise with a successful track record, the franchiser will provide the bulk of the training. Corporate support comes mainly in purchasing print layout for POP/menus.
Reason for Selling:
New business opportunity
Franchise:
This business is an established franchise

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Jeff Eatherly

Business Listed By:
Jeff Eatherly

National Restaurant Properties

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