Profitable Award Winning Casual Dining Restaurant

Not Disclosed, NC
Ashe County

Asking Price: Annual Revenue:
$849,000 $1,325,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Profitable Award Winning Casual Dining Restaurant Broker: Sandra Dunn
License #: U812..773
Owner Financing is Available!
Owner may consider financing for qualified buyer with $750,000 upfront.

Quick Facts

Asking Price: $849,000
Annual Revenue: $1,325,000
Net Profit: Not Disclosed
Cash Flow: $285,800
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2013
Employees: 55
BBN Listing #: 89267375
Broker Reference #: mb1844

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Business Overview:

Turnkey And Profitable Award Winning Upscale Casual Dining Restaurant for Sale for Only $849,000. Revenue increase of 12% over the same time last year and that is after 30% plus since inception--they are doing great! This is the ultimate in turnkey (just walk in and start working) with trained staff in both the front of the house and fully trained kitchen. Situated in an attractive and totally renovated historic building (circa 1915) with 98 seats inside (custom booths, custom built bar and custom built back bar) and 52 seats outside plus upstairs porch with mountain view.The restaurant is the first to offer outdoor seating that is pet friendly! Impressive sales have grown over 30% each year since inception in 2013. All new equipment with three years of use. Full security system with cameras in strategic location, new kitchen and hood system, newly upgraded Revel POS system, new patio and porch furniture, separate office and storage room and SteriLyte disinfection system. This is a great deal offered below market value and with an assumable long-term lease agreement. The restaurant is full service for Lunch, Dinner & Brunch. Full ABC License, along with craft beers, imported beer, domestic beer and a full wine list. There are 15 full time employees and over 40 part time employees. The patio stage provides live music throughout the year and there is a 2nd floor porch perfect for customers to enjoy appetizers and beverages. Additionally a private dining room is available for corporate and private events. The restaurant has a good social media presence, a large email list and impressive online reviews. Owner may consider financing for qualified buyer with $750,000 upfront. Ready to hear more? Contact us!

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Property Features and Assets:

Totally renovated restaurant in an historical building covering 2250sq.ft with an upstairs porch and large outdoor patio. Leased facility. Prime location in Ashe County, North Carolina within 2 to 3.5 hours of Asheville, Charlotte, Winston-Salem, High Point, Raleigh, Durham, Chapel Hill, and all points between. Visitors and locals have discovered the friendliness and the quality of life, this area has to offer. They also desire a restaurant that offers good tasty food, friendly service and great customer service. The restaurant and Owner have been committed to giving back to the community and share its success. Over the past three years they have been one of the sponsor for an amazing number of events, community projects, programs and Initiatives--a win win for everyone! This is an amazing place to own a profitable business and enjoy life. Contact for more details

Market Competition and Expansion:

Competition / Market: Not an issue--this is the competition. Expansion Potential: Ashe County has taken great strides to enhance the county and bring in visitors and it has worked! There are great opportunities for an enthusiastic and energetic owner to take the restaurant to the next level. Owner states there are several areas of significant cost savings that will be realized at the time of sale and other areas that can be implemented after the sale.

Reason for Selling:

Need to focus on another business interests

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 a franchise resale opportunity.

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