Profitable Restaurant w 30 Years History includes Real Estate

NC

Profitable Restaurant w 30 Years History includes Real Estate
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Asking Price: $2,999,000

Cash Flow: $330,000

Gross Revenue: $1,000,000

EBITDA: N/A

FF&E: $250,000

Inventory: $15,000*

Real Estate: $2,500,000

Established: 1987

*not included in asking price.

Profitable Restaurant w 30 Years History includes Real Estate

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Business Description

Once in a lifetime opportunity to purchase a profitable restaurant business with over 30 years of reputable service with real estate included. Annual Sales of Just Under $1 MIL in 2016. 3-Year Avg. Annual Sales of Just Under $900K. 3-Year Avg. Seller Discretionary Earnings of ~$200K. 30 Year History w/ Well Established Local Brand. Instantly Profitable Turn-Key Operation. Visible High-Traffic Location w/ Easy Access. Be Your Own Landlord! Real Estate Included in Sale Price... Dream opportunity for restauranteur or turn-key business for investor. Too many perks to list, contact Listing Agent FOUAD MOHIT (757)237-2301 or Fouad@SunbeltNetwork.com for more information today!

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
1,325
Employees:
5 ft, 10 pt
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
Limited competition.
Growth & Expansion:
Ample room for growth in expansion of business hours and added service.
Support & Training:
Seller will provide training and support during transition period.
Reason for Selling:
Retirement
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Contact the Seller

(from currently available funds)
 
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Fouad Mohit

Business Listed By:
Fouad Mohit

Sunbelt Business Brokers of Hampton Road

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Sponsoring Broker:
SUNBELT HRVA

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