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Business For Sale

Lease Space - City Limits

Salisbury/Rowan, NC

Food & Beverage: Restaurants, Fast Food, Deli

 
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
Not Disclosed
Not Disclosed
Not Disclosed
Not Disclosed
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
Not Disclosed
1993
Not Disclosed
48971150

Business Overview:

Well kept & well run restaurant property for lease. Restaurant includes a huge parking area and seats around 340. With a huge kitchen facility the lease can include all the equipment as well, or as needed: There are walk-in freezers, walk-in coolers, multiple fryers, grill, oven, prep tables & slicers, hot & cold bars, a dishwashing area, & an ice maker included. Dining room kept in great shape with an attractive setting! A new operator may not have very much in expenses to convert this one because it is so nice already. The restaurant is currently operating as a seafood restaurant and the Landlord will make it available as soon as 15 days following the execution of a lease agreement. Potential Tenants must show financial strength and will be required to provide a financial statement and credit report prior to a tour. There are 2 very similar(almost identical) of these restaurant available. Potential tenants will have an option of one of the two, as the landlord intends to continue to operate the other. An option to purchase the property will be considered. Recap: There are two options available to buyer: 1) lease one of the locations under a new brand name for $10,000/month. 2) purchase the goodwill of both ($800,000) and lease the property for $10,000/month each(continue to operate as 2 seafood restaurants

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:

Well kept & well run restaurant property for lease. Restaurant includes a huge parking area and seats around 340. With a huge kitchen facility the lease can include all the equipment as well, or as needed: There are walk-in freezers, walk-in coolers, multiple fryers, grill, oven, prep tables & slicers, hot & cold bars, a dishwashing area, & an ice maker included. Dining room kept in great shape with an attractive setting! A new operator may not have very much in expenses to convert this one because it is so nice already. The restaurant is currently operating as a seafood restaurant and the Landlord will make it available as soon as 15 days following the execution of a lease agreement. Potential Tenants must show financial strength and will be required to provide a financial statement and credit report prior to a tour. There are 2 very similar(almost identical) of these restaurant available. Potential tenants will have an option of one of the two, as the landlord intends to continue to operate the other. An option to purchase the property will be considered. Recap: There are two options available to buyer: 1) lease one of the locations under a new brand name for $10,000/month. 2) purchase the goodwill of both ($800,000) and lease the property for $10,000/month each(continue to operate as 2 seafood restaurants

Market Competition and Expansion:

Well kept & well run restaurant property for lease. Restaurant includes a huge parking area and seats around 340. With a huge kitchen facility the lease can include all the equipment as well, or as needed: There are walk-in freezers, walk-in coolers, multiple fryers, grill, oven, prep tables & slicers, hot & cold bars, a dishwashing area, & an ice maker included. Dining room kept in great shape with an attractive setting! A new operator may not have very much in expenses to convert this one because it is so nice already. The restaurant is currently operating as a seafood restaurant and the Landlord will make it available as soon as 15 days following the execution of a lease agreement. Potential Tenants must show financial strength and will be required to provide a financial statement and credit report prior to a tour. There are 2 very similar(almost identical) of these restaurant available. Potential tenants will have an option of one of the two, as the landlord intends to continue to operate the other. An option to purchase the property will be considered. Recap: There are two options available to buyer: 1) lease one of the locations under a new brand name for $10,000/month. 2) purchase the goodwill of both ($800,000) and lease the property for $10,000/month each(continue to operate as 2 seafood restaurants

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.