Business For Sale

Family Steak Restaurant in a Great Location!

Not Disclosed, NC
Mecklenburg County


Asking Price: Annual Revenue:
$495,000 $1,458,641

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Family Steak Restaurant in a Great Location! Broker: Karl Culpepper

Quick Facts

Asking Price: $495,000
Annual Revenue: $1,458,641
Net Profit: Not Disclosed
Cash Flow: $177,672
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2005
Employees: 26
BBN Listing #: 579443260
Broker Reference #: 9075-308471

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Business Overview:

This Family Steak Restaurant has been serving the Charlotte community for over 13 years and has built up a very loyal customer base. Looking for serious and experienced buyers of Restaurants only. Seller Financing is available with 60% down.

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Property Features and Assets:

Building is approximately 6,400 square feet, owner of business owns the building and will offer 10 year triple Net lease to buyer. Asking for $28/ square feet. Open to selling building to new owner, lease to buy.

Market Competition and Expansion:

Current owner does no advertising at all. With a little online advertising and other marketing solutions a new owner can see tremendous growth!

Reason for Selling:

Retiring

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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