Profitable Indian Restaurant near Top University for Sale in Triangle

NC

Profitable Indian Restaurant near Top University for Sale in Triangle
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Asking Price: $295,000

Cash Flow: $145,000

Gross Revenue: $760,000

EBITDA: N/A

FF&E: N/A

Inventory: $9,000

Rent: $6,500 /Month

Established: N/A

Profitable Indian Restaurant near Top University for Sale in Triangle

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Business Description

The Millennial Restaurant ---- Located within 1 mile of one of the top 3 universities in the Triangle (“Raleigh-Durham-Chapel Hill”) region, this profitable, casual dining, Indian restaurant for sale is a hub for highly educated millennials.

The restaurant for sale has a buffet menu, takeout and makes an excellent choice for a quick bite. The pricing is affordable and this makes the restaurant a hot destination for students. The restaurant is suitable for multiple other concepts too. New owner can start operations without having to spend on remodeling costs. The restaurant is easily accessible from multiple cities, and connects students, professionals as well as neighborhood residents. Serving a large consumer base, the Center has convenient and easy access to major roads and economic district.

The absentee-owned restaurant has sales in excess of $750,000 annually with seller’s discretionary income of $145,000 annually. Additionally, estimated annual savings in labor costs are over $200,000 with a successful family owned and operated business model. Perfect opportunity for a family that is passionate about restaurant business embodying higher stability, commitment, profitability, customer confidence, and branding.

Conveniently housed in a grocery anchored popular neighborhood retail center, the restaurant for sale is a popular destination for customers. The restaurant has a space of ± 3,000 square feet and a maximum seating capacity of 90. The fully equipped commercial kitchen has everything in working order and ready for a new owner to begin operations on day one. The total monthly rent is $6,500. New owner will get support for 2-3 weeks at no cost for smooth transition.

This location is ideal for any concept restaurant that does not already exist at the Center. Within 5 mile radius of this retail center, the average household income is nearly $90,000, the population is nearly 200,000, and the total number of employees is over 150,000. The location has a traffic count of 33,500 vehicles per day.  The Raleigh-Durham-Chapel Hill market (“The Triangle”) is a very favorable area for investment. The local economy boasts excellent healthcare, steady job growth, a ready pool of skilled labor, and a sizable number of college, tech and grad school students.

The Center marks a transition between higher density multi-family developments and the single-family neighborhoods.  It is expected to be re-positioned as a mid-density lifestyle mixed-use Center that creates opportunities for additional retail, office, and housing options, and provides the community with a friendly, walkable, mixed-use amenity and an urban lifestyle. Diversification of uses should expand entertainment and recreational offerings for the surrounding neighborhoods.  This will raise the center’s identity as a neighborhood hub.

Leverage the brand of this established restaurant in a hot market and make an offer. Owner is motivated to sell and will work with qualified buyers.

Interested? Please send your Personal Financial Statement and complete Buyer Profile for preliminary screening. No exceptions; serious inquiries only. If you are financially qualified for the purchase, you will receive the NDA and all details regarding this restaurant will be shared upon execution of the NDA.

For more information, or to list your restaurant or other businesses, contact Madhur Gupta at 919 428 9840. Visit http://www.rplusi.com for a complete list of all businesses for sale or coming soon.

***The information in this listing has been provided by the business seller, and is subject to change without notice. Buyer must independently verify any of the information about the business, and we assume no responsibility for its accuracy or completeness.***

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
N/A
Competition:
Established brand identity of this restaurant makes it one-of-a-kind restaurant with low competition from others.
Growth & Expansion:
The city’s planning department has a community-generated vision for the transformation of this Center and nearby areas into a revitalized, multi-modal, and distinguished corridor of the future. The key focus is to enhance economic vitality and livability, promote ease-of-access and movement with complete streets design, leverage public infrastructure, identify market opportunities for redevelopment, retain and expand commercial services as a high priority, celebrate and highlight the area’s economic and ethnic diversity, develop a mix of residential types to attract and retain residents , create walkable, mixed-use development at key nodes, strengthen overall connectivity within and to surrounding areas, and improve the safety and aesthetic appeal of the area. The city is also planning to adapt to complete streets concept to safely and efficiently accommodate pedestrians, cyclists, transit users, and motorists. This will add to the overall value of the Center and in turn, the restaurant.
Reason for Selling:
Other Interests
Business Website:
http://www.rplusi.com
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Madhur Gupta

Business Listed By:
Madhur Gupta

Madhur Gupta

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