Prime Commercial Kitchen with Catering Revenue Turn-Key

Wilmington, NC (New Hanover County)

Seller Financing Available
Prime Commercial Kitchen with Catering Revenue Turn-Key
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Asking Price: $410,000

Cash Flow: N/A

Gross Revenue: $509,000

EBITDA: N/A

FF&E: $239,000

Inventory: $4,000*

Rent: $27,804 /Month

Established: N/A

*not included in asking price.

Prime Commercial Kitchen with Catering Revenue Turn-Key

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Business Description

Area's only commercial kitchen with food industry customers, compliment with contracts for catering to the education market and private event market with over 25 years serving the Wilmington area. Well-established with 5 star ratings online.

Long term lease in hand for 2800 square feet located in New Hanover County with plenty of parking and well traveled access roads for high visibility. There is the ability to lease an additional 1200 square feet for expansion. Exterior and interior could be renovated for seating. The interior layout is ideal for front eat-in capability and to-go food service. The full service commercial kitchen is fully equipped and all furniture, fixture and equipment convey with the sale. Turn-Key and all set for a smooth transition!

Detailed Information

Location:
Wilmington, NC
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,800
Lease Expiration:
4/1/2023
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Specifics of the location and facility can be disclosed with a pre-qualified buyer interest upon signing of an Non-Disclosure Agreement.
Growth & Expansion:
Specifics of growth and expansion can be disclosed with a pre-qualified buyer interest upon signing of an Non-Disclosure Agreement.
Support & Training:
Full transitional support for a negotiated period of time.
Reason for Selling:
Retirement
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(from currently available funds)
 
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Joan Loch

Business Listed By:
Joan Loch

Momentum Companies

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Sponsoring Broker:
Terry Espy

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