PROFITABLE, WELL-ESTABLISHED FULL SERVICE RESTAURANT!!

Mecklenburg County, NC

Seller Financing Available
Restaurant
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Asking Price: $240,000

Cash Flow: $111,983

Gross Revenue: $674,485

EBITDA: N/A

FF&E: $23,000

Inventory: $2,000

Rent: $4,200 /Month

Established: 2013

PROFITABLE, WELL-ESTABLISHED FULL SERVICE RESTAURANT!!

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Business Description

***RECENTLY REDUCED & PRICED TO SELL! UPSCALE FULL SERVICE FARM TO TABLE RESTAURANT WITH A CASUAL ENVIRONMENT

If you have passion for cooking, excitement for socializing with the locals, and desire to own your own business; look no further! Today you can be the owner, master chef, and the social butterfly of this profitable, deep rooted community restaurant. With the city being revitalized into an arts corridor and being built up as the heart of the area, it is no better time than now than to jump into a vital opportunity to become the culinary staple for the community.

The restaurant is full-service offering a robust dinner menu Tuesday through Saturday, brunch on Sunday, and a full bar & wine during all hours of operations. In addition to restaurant services, limited catering services are available.

The eatery values itself on organic and sustainably farmed local ingredients to inspire a daily menu of creative small plates. It focuses on fine dining through farm-to-table concept in a casual setting. Commitment to bringing the freshest ingredients from local farmers markets is the center of every table complimented by exemplary service.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,500
Lease Expiration:
3/1/2019
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The restaurant leases a quaint house totaling 3,000 +/- SF for the monthly lease rate of $4,200. The lease is assumable and expires May 2019.
Competition:
Due to the growth of the community and surrounding areas competition has become more apparent over the past couple of years. Competition includes the mom & pops, fast food chains, family friendly, franchised, pubs, and microbreweries all of which range from inexpensive to higher end pricing. These restaurants range in concept and style. The Downtown area is being revitalized into an arts corridor and being built up as the heart of the city which will draw more foot traffic to the restaurant. Additionally, the town is experiencing great growth given it is within the Charlotte Metro area.
Growth & Expansion:
Being the owner and chef will provide the immediate increase to profitability in that, today the chef is paid $50,000 annually in addition to the owner taking salary. If manageable, the GM role could be taken over by owner which provides an additional $50,000 annually to the bottom line. It maintains a Facebook and Twitter page; however, the advertisement and postings amongst its current social media has declined over the last three years. Bringing focus back to social media presence and advertisement will drive an increase in revenue. Additionally, establishing an Instagram to incorporate into the social media toolbox will also contribute to increased traffic flow. Lastly, the restaurants advertising and marketing budget has steadily declined which is likely a direct correlation to revenue decrease. A new owner could entertain the following to increase the restaurant’s foot traffic: 1) increase the advertising and marketing budget and identify heavy hitters to
Financing:
Yes, with 50% down
Support & Training:
The owner will provide reasonable support following the sale.
Reason for Selling:
The owner maintains another restaurant in a neighboring city
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Tori Pons

Business Listed By:
Tori Pons

BBDC

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Sponsoring Broker:
Toby Barker

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