Business for Sale Overview:
Nestled in a mountain valley on the picturesque main street of a Western North Carolina town, this restaurant delights its loyal local patrons and visitors alike with a surprisingly sophisticated culinary experience of new American cuisine featuring vegetarian, seafood, chicken, pasta dishes and more - along with tempting home-made desserts. This renowned award winning local institution has been around for almost two decades and has been favorably reviewed in print by numerous local and regional publications including Southern Living. The restaurant has had an impressive growth history in recent years with solid profitability, and the demographics and local economy appear to support continued increases in business volume as the economy improves. Preliminary 2008 sales were down less than 4%, despite gas shortages and economy. Turnover rate for staff is low, resulting in a clean, smooth operation. After a remarkably successful nine year run, the current owners are ready to turn the keys of this thriving operation over to a qualified buyer so that they may pursue other interests. This is a wonderful opportunity for a restaurateur who is seeking a profitable, well established casual fine dining restaurant in a delightful small town environment in one of the most beautiful and desirable areas in the country.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Indoor seating for 88 in two dining areas including bar, plus 14 seats on patio. Well maintained and equipped kitchen, lots of storage space. One year on current lease, buyer will want to negotiate satisfactory extension as contingency, Prime location in heart of bustling small town with ample free street parking.
Financing: Owners will consider financing up to 25% of sale price to qualified buyer.
Support/Training: 30 days training included in price, owners will consider longer transition with pay if required.
Market Competition and Expansion:
Competition: No one in town with same type of restaurant.
Growth and Expansion: The restaurant serves lunch and dinner six days a week, and a new owner could further increase revenues by offering Sunday Brunch, increasing catering, adding liquor to the current beer and wine offerings, and even converting some under utilized space into a private dining area with a separate entrance.
Reason for Selling:
Other interests.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.