Extremely Profitable Restaurant SBA 7a (PQ) 2019 Revenue up 20+%

Wake County, NC

Extremely Profitable Restaurant SBA 7a (PQ) 2019 Revenue up 20+%
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Asking Price: $1,100,000

Cash Flow: $367,438

Gross Revenue: $1,510,159

EBITDA: N/A

FF&E: $85,000

Inventory: $40,000*

Established: 2009

*not included in asking price.

Extremely Profitable Restaurant SBA 7a (PQ) 2019 Revenue up 20+%

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Business Description

Tremendous growth, exceptional books, great location and outstanding goodwill!

For more than 10 years this iconic Wake County restaurant has garnered local and national award winning attention. Long lines and nearly 800 Google reviews attests to the great food and wonderful customer service.

The numbers don't lie for this business. Since opening their doors the revenues continue to skyrocket with no signs of slowing down. The 2019 numbers are already significantly higher than 2018. The owners are currently expanding the kitchen and seating capacity to make room for continued growth.

Each week guests from around the country visit for the experience and post pictures on social media. Rain or shine customers arrive early and form lines before the doors are opened to assure themselves a seat.

The owners are also willing to sell their multi-tenant property with 10,080 sq feet. Other tenants lease in this property filling it near capacity.

Detailed Information

Location:
Wake County, NC
Inventory:
Not included in asking price
Employees:
27
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
For 10 years the owners have been committed to serving only the finest foods, made with the freshest ingredients. All of their meals are made to order, no heat lamps used.
Growth & Expansion:
1. Kitchen Expansion and Adding Seat Capacity - The current owners are getting permits to increase kitchen size and seating capacity. 2. Raise Menu Pricing - Recently the owners visited several similar restaurants on vacation. They discovered their prices were significantly lower and they raised their prices to gain even better margin. 3. Extended Hours - The restaurant could open on Mondays and extend hours on Sundays.
Support & Training:
2 weeks
Reason for Selling:
retiring
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Tina Wright, MBA

Business Listed By:
Tina Wright

Transworld Business Advisors

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