Turn-Key Restaurant, Cafe’, Beer/Wine Bar, Tea Room, Retail, Music

Wake Forest, NC (Wake County)

Restaurant, Cafe, Music Venue
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Asking Price: $165,000

Cash Flow: N/A

Gross Revenue: $285,000

EBITDA: N/A

FF&E: $110,000

Inventory: $4,000

Rent: $0.85 /Month

Established: 2017

Turn-Key Restaurant, Cafe’, Beer/Wine Bar, Tea Room, Retail, Music

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Business Description

Turn-key cafe, unique restaurant, tea room and music venue that includes a wine bottle shop area, craft beer on tap, wine served by the glass and full menu of espresso drinks. Over 100 private parties hosted last year along with, art classes, wine tasting events, 100+ music events, hundreds of tea parties, pop-ups, meetings, and daily meals and drinks.

Charming space located in a historic building, designed for flexible use for events, parties, lunch, teas, café, classes, music and retail. Event space is on two levels for multiple occurring events. Fresh healthy menu is well established and loved.

Much more to share once we connect, drop me an email.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
12/31/2021
Employees:
11
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Historic District in a prime location. 4,000 sqft divided between 2 floors, 2,000 sqft cafe, and 2,000 sqft music venue. Concrete floors, with original ceramic tile and new luxury vinyl, tin ceilings and all electrical and plumbing either new or less than 20 years old. Full sprinkler system on both floors, well-maintained HVAC plus 2 on-demand commercial gas hot water heaters. (low utilities) Sale includes all assets including kitchen, cafe, tables, chairs, decor, dinnerware, flatware, etc. Includes entire sound system, staging, lighting.
Competition:
Although competition exists in the coffee side of the business, the ambiance and character of this space can’t be matched due to the location and historic building. We are currently the only restaurant on the street that also serves beer & wine. As a tea room, we have no local competition within 20-miles. No business has a combination of cafe, restaurant, tea room and live music like this business. The population of 55,000 is the fastest growing city in the county.
Growth & Expansion:
Just moving into our third year, there are multiple directions and opportunity to grow the business, in many areas. The restaurant dining can easily be increased by 25% this year by filling in non-peak lunch hours with tea service reservations, and groups. Retail Wine sales are increasing and could expect a significant addition to the bottom line especially in the evenings with an evening food offering menu. Parties and events are constantly being booked well into the Spring. Local delivery for lunch with three schools, town hall and local business.
Financing:
Lease is assumable with two additional 5-year lease options attached and first.
Support & Training:
Owners will fully train new owners up to 3-weeks and be available for support in the way of end of month reports and reconciliation for the first month. Training includes all areas of business including back end and all accounts, vendors, regular orders, recipes, group contacts, previous event guests, artists, calendars, and music production. Turnkey business.
Reason for Selling:
Husbands other business growth is demanding full time and possible relocation.
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Business Listed By:
Not Disclosed

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