Business Overview:
Beautiful fully outfitted restaurant in North Raleigh for sale. Popular restaurant rated for great food and service has been established for over 10 years. Large facility includes bar, fully equipped and updated kitchen, private dinning room and outside patio seating. Located in a high traffic shopping center on major Blvd. has an extensive multi-national menu selection including Mediterranean, Italian and American fare. Restaurant currently serves lunch, dinner and provides catered services as well.
The business has the potential to double in business through increased marketing, expansion of catering services, and extended hours to accommodate later hours in the bar and opening on Sundays. Large retail space has very competitive lease with multiple renewal options.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Beautiful 6,700 square foot restaurant located in major shopping center with ample parking. Facility was expanded and updated just four years ago and is in excellent condition. Full service kitchen. Excellent lease terms including renewal option(s).
FF&E of $600,000 + Inventory of $12,000 is included in the asking price.
Two weeks of training provided.
Market Competition and Expansion:
Established for over 10 years, this restaurant has name recognition in the community and a customer following already. The facility and location has quality attributes throughout. The business has the potential to double in volume through increased marketing for dinner hours and catering services. In addition, restaurant is currently only open 6 day a week and new owner could expand hours to include Sundays.
Restaurant has capacity to do more business in current restaurant facility while leveraging premises further to do more outside catering events.
Reason for Selling:
Personal reasons.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: