Grandview Restaurant

Boone, NC (Watauga County)

Grandview Restaurant
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Asking Price: $449,000

Gross Revenue: $349,943

Price/Sq. Ft.: N/A

NOI: $30,847

Building SF: 3,000

FF&E: $29,877

Year Built: 1977

Grandview Restaurant

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Property Description

GRANDVIEW RESTAURANT! - continuous and profitable operation for 41 YEARS, and in great condition. Features an attached apartment - 3 bedroom & 2 full baths. Located on Highway 105, with amazing views of Grandview Mountain. Just under an acre of land with plenty of parking. The restaurant was opened in the summer of 1977 by the present owner and her late husband. SALES ARE UP 4 to 5% per year, every year! It is a premier commercial location, with .8 acres of prime, flat land, and a large frontage on BUSY 105, traveled by thousands of tourists and locals daily. It is open for breakfast and lunch only, six days a week, yet it enjoys large grosses and positive cash flow. RARE AND GREAT OPPORTUNITY! POSSIBLE OWNER FINANCING! The apartment is lovely and very well maintained and also has amazing views. It is currently rented but could be handy for an owner/operator to live in and run the busy restaurant next door. After 40 years of ownership, the owner is simply ready to retire and spend time with some aging relatives. The entire parcel - Restaurant, apartment, very valuable real estate and the restaurant business, is now available for $449,000! Better call today! BEST OF BEST 2016! Apartment has been mostly continuously rented. Great business but after 41 years it is time for the owner to retire and spend time with her grandbabies. Will consider substantial owner financing. Perfect for a restauranteur that wants their own place!

Detailed Information

Boone, NC
Building SF:
Building Status:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
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David P. Conrad

Property Listed By:
David Conrad

Blue Ridge Business Brokerage

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