This iconic grill located in the City of Asheville

Asheville, NC
Buncombe County

City of Asheville

Asking Price: Annual Revenue:
$139,000 $501,909

Food & Beverage: Miscellaneous

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RE: This iconic grill located in the City of Asheville Broker: Jeff Eatherly
License #: NC 206819
Owner Financing is Available!
Possible owner financing to qualified buyer with substantial down payment.

Quick Facts

Asking Price: $139,000
Annual Revenue: $501,909
Net Profit: $42,624
Cash Flow: $46,987
Total Debt: Not Disclosed
FF&E: $80,000
Real Estate: Not Disclosed
Year Established: 1990
Employees: 9
BBN Listing #: 701845793
Broker Reference #: Avl275

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Business Overview:

This iconic grill located in the City of Asheville has been a family business for over thirty years. Offering classic fresh comfort food with plenty of indoor and outdoor seating this restaurant has shown steady and consistent cash flow over the years. The current owner has other business ventures that are demanding more and more of his time.

Fully turn key business with over 30 years of good will. Complete equipment package with one line and one prep hood system. Exterior 8X16 walk in/freezer combo with covered outdoor seating.

The restaurant is located on a main state highway with heavy traffic flow and loyal neighborhood customer base. Owner will be the landlord offering a below market value lease to insure the success of the new owner. Buyer could replace GM adding an additional 50K to the bottom line. If you have experience as a hands on operator this is a cash flow gem.

Serious inquires only owner requires net worth statement and due diligence down payment with offers.

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Property Features and Assets:

Free standing building located on a major state highway with easy access and plenty of parking. Seating for 46 inside and 52 outside the restaurant has plenty of growth opportunities.

Market Competition and Expansion:

The city of Asheville and surrounding areas are experiencing a strong growth pattern. The location of this business is in a very popular area with little competition for this comfort food.

Reason for Selling:

Other business.

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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