Prime Location Chapel Hill Restaurant - Retirement Sale

Chapel Hill, NC (Orange County)

Successful Restaurant in Chapel Hill
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Asking Price: $169,999

Cash Flow: $84,800

Gross Revenue: $465,500

EBITDA: N/A

FF&E: $25,000

Inventory: $2,000

Rent: $2,300 /Month

Established: 2003

Prime Location Chapel Hill Restaurant - Retirement Sale

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Business Description

Own this Chapel Hill Restaurant; Cash Flowing and Great Location!

Located in a busy shopping center, this cafe is 'the' go to eating destination for people seeking vegetarian food for two decades.

Now that the owner is ready to retire, a successor is sought to take advantage of this rare opportunity.

With a great staff, great location, and a strong reputation, this cafe is an incredible business for someone seeking his or her dream cafe in Chapel Hill!

This cafe has four years secured on the lease at a great price to be assigned, a staff of four who would stay with the business, and a long history of sales and earnings.

All furniture, fixture, and equipment needed to run this cafe are included in the sales price, as well as the menu and concept. While it's been run as a vegetarian cafe, a new owner could change the concept if desired.

Financials shown represent a weighted average of the last three years of the recasted tax returns.

Submit an inquiry to immediately receive a Non-Disclosure Agreement; a Confidential Business Review is available after a 2 minute phone call and complete tax returns are available for review after an accepted offer.

Inquire today!

Detailed Information

Location:
Chapel Hill, NC
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,000
Lease Expiration:
5/31/2023
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located in a Shopping Center in Chapel Hill, NC. This is a prime retail center anchored by a Food Lion Supermarket, the center is located in a well-developed area less than one mile from I-40 and services the surrounding residential neighborhoods with a great tenant mix including a hardware store, fitness center and the U.S. Post Office. Multiple entrances provide easy access from two roads with 25K & 13K average vehicles per day. Ample parking!
Growth & Expansion:
The owner has reduced the hours in recent years as she's nearing retirement. Opening more than 5 days per week would immediately increase revenues. Adding menu options could also grow revenues.
Support & Training:
2 weeks included in sale price
Reason for Selling:
Retirement
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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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