Incredible Restaurant Space On Main Street; Great Assignable Lease!

Wake Forest, NC (Wake County)

Premium Restaurant Location
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Asking Price: $99,999

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $150,000

Inventory: $2,000

Rent: $4,500 /Month

Established: 2016

Incredible Restaurant Space On Main Street; Great Assignable Lease!

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Business Description

Located on Main Street in bustling Wake Forest, NC, this corner lot enjoys non-stop drive by traffic, incredible frontage, and an up-fit with a full kitchen & Decor. A new build out of this caliber would cost more than $350K! Save on start up costs and pick up with this owner is leaving off...

Currently run as a Mediterranean restaurant, this space is ready for a new concept for the Wake Forest community. With two patios, the space would work very well for any menu besides an Italian, Korean, Sushi, or Irish concept due to lease restrictions.

The current menu is profitable and transferable to a new owner but the seller has chosen not to make a financial representation.

This opportunity is perfect for the restaurant owner who seeks a prime location with great frontage on a busy street, an aggressive base rent ($14.50 sq/ft), great equipment, and great patio space...

Pictures, location details, equipment list and more available with NDA. Inquire today!

Detailed Information

Location:
Wake Forest, NC
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,400
Lease Expiration:
12/31/2025
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Wide Open Dining Floor + Two Patios with ample outdoor seating. Commercial grade bathrooms; Chef's Kitchen and back of house Kitchen with 5+ Sinks, Walk In Cooler, multiple freezers, sandwich prep coolers, 20' Hood, Ranges... and more.
Support & Training:
2 weeks included if needed.
Reason for Selling:
Other Business Interests
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Contact the Seller

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Neal Isaacs, MBA, CBI

Business Listed By:
Neal Isaacs

VR Business Brokers - Raleigh

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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