Exciting Opportunity in Asheville North Carolina

Asheville, NC
Buncombe County

Asking Price: Annual Revenue:
$329,000 $558,000

Food & Beverage: Miscellaneous

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RE: Exciting Opportunity in Asheville North Carolina Broker: Jeff Eatherly
License #: 206819
Owner Financing is Available!
$150,000.00 owner financing to a qualitied buyer over 2 years a@5.5%

Quick Facts

Asking Price: $329,000
Annual Revenue: $558,000
Net Profit: Not Disclosed
Cash Flow: $65,000
Total Debt: Not Disclosed
FF&E: $91,000
Real Estate: Not Disclosed
Year Established: 2018
Employees: 22
BBN Listing #: 65145793
Broker Reference #: avl274

Email or Print Listing

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Business Overview:

This restaurant in Asheville, North Carolina is located on a major commercial thoroughfare, in a high traffic walk- able neighborhood. The current 2200 sf. layout has 55 seats indoors and 44 seats outdoors.
The current owner has invested in a major up fit of the space with a walk up window, outside heating, and extensive equipment package. This concept saw sales of over $1,250.000 pre pandemic and is poised to resume those numbers in this high growth neighborhood. The business is priced for the experienced operator to either keep the existing successful concept or convert to their own.
Plenty of onsite and overflow parking in this growing area of Asheville makes this location perfect for the size and seating capacity of the business. The kitchen layout is centered around the revamped hood system with all the equipment necessary for any concept.
Partial owner financing for a qualified buyer with a two year promissory note will assist the new ownership in the start up phase and help in creating an early return on investment. This is one of Asheville's most desirable neighborhoods and a great opportunity for the right owner.

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Property Features and Assets:

The owner has invested in total building up fit with layout that will accommodate any concept.

Market Competition and Expansion:

Pre pandemic the restaurant had gross revenues of $1,250,000.00 but has since been primarily a to go and packaged meal pick up facility with reduced hours. New ownership can staff up and get back to the pre pandemic sales quickly.

Reason for Selling:

other ventures

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.

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