Growing Italian Restaurant In Bustling Central NC
Not Disclosed, NC Buncombe County
Seller's Contact Information
- RE: Growing Italian Restaurant In Bustling Central NC
- Contact: Ron Buck
Quick Facts
| Asking Price: | $997,000 | |
| Annual Revenue: | $1,123,314 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $315,209 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 40,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2017 | |
| Employees: | 15 | |
| BBN Listing #: | 55584955 | |
| Broker Reference #: | 1308-17279 |
Business Overview:
Well-established and profitable Italian restaurant located in the heart of a bustling central NC downtown area, specializing in serving Southern Italian fair. Full-service bar and spacious outdoor patio. This turnkey operation is an excellent opportunity for a new buyer to step into a growing and cashflow positive business. Prequalified for loan. If desired, and based on the overall terms and structure of the transaction and buyer qualifications, the Seller will provide a 10% tranche of seller financing to qualified buyers depending on the overall terms and structure of the transaction.
Financials are Last Twelve Months through June 30.
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
The Company leases approximately 1,300 square feet of retail space, in a bustling downtown area. The Lease runs through 2027, with an option to extend for 5 years. The Lease is currently $2,400 per month. Assets = $47,000
Market Competition and Expansion:
Highly fragmented marketplace. As you would expect for any restaurant located in a bustling downtown area there are other restaurants (including another Italian one) within the vicinity of the Business. However, the Owner feels that the award-winning cuisine, quality of service, and up-market ambiance means that they don’t really have much in the way of direct competition. Increase opening days and hours. List the restaurant on online ordering services. Also, there is the possibility to expand into the store next door should those tenants leave.
Reason for Selling:
Owner wishes to step away from the business.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
Here are some of the similar listings you can choose from
Asking Price: $275,000Restaurant and Bar for sale at Dale Hallow Lake
Awesome income potential. Nestled in between two marinas on Dale hallow lake turn key restaurant and bar with 2 bedroom 2 bath down stairs. Building comes with everything you need to start conducting business upon closing. Building is being sold for appraisal value restaurant equipment is a bonus. Don't let this opportunity of a lifetime pass you by.
Asking Price: $192,000Restaurant Business Opportunity
Business Opportunity!! Established and loved restaurant in Wavland, MS … owners has another business opportunity to be apart of in New Orleans … so this is your chance to walk into an established and well working business. They have until the end of April to decide. If no one takes advantage of this opportunity then they will carry on with the business here.
Asking Price: $1,200,000Waterfront Restaurant
Turn key operation, great for many concepts.Outdoor bar and boat slips for guests visiting on boat.
Asking Price: $750,000Commercial Hood Cleaning
This business is not a luxury but a necessity for the insurance and fire departments. We clean hundreds of restaurants and more calling everyday established is 1982 and more successful than ever!
Asking Price: $8,000,000Wisconsin Club, Tavern, Food Establishment
Long established business in a tourist Meca located in a thriving Midwest state. Property was built from the ground up and includes a espansive kitchen, dining area, and dance floor. At night, the club DJ is rocking all the tunes of the times complete with its epoxy dance floor and three full bars. Not to worry though as the Sunday Game Day is also great with the numerous TV's located around the property.
Asking Price: $2,500,00011 Subway restaurant group
Superbly well located, group of 11 restaurants of the largest national franchise fast food retail store (Subway), Fast food concept, with over 5 years of continuous operation. Great growth perspectives as many other units can be added.
Asking Price: $60,000My new Listing
bnvgfkuyfky
Asking Price: $645,000Money Making Butcher Shop, Restaurant & Grocery...
Phenomenal 3 facet business complete with grocery store, restaurant & butcher shop, fully operational and profitable, very established in high traffic area.
Asking Price: $195,000Profitable, well established, great visibility!
Well established business grossing over $420,000.00 annually with secure lease for new owner
Asking Price: $500,000Italian Family Restaurant #816
Established over 25 years ago, this family restaurant is in a high traffic area and has an excellent reputation for Italian food. It is centrally located near a major university and could be easily reconfigured into a sports bar, a proven winning formula for making money. For more information, contact Brian Jones using reply to this ad button.
Asking Price: $240,000Breakfast & Lunch Cafe in Phenomenal Location
A small breakfast and lunch cafe in a busy commercial park, just a block away from residential community. A hidden gem with low monthly lease. Fully renovated and ready for new owner.
Asking Price: $185,000Trendy Korean Restaurant
Trendy Korean sit down and take out restaurant with a unique Asian Fusion flare. 2024 modern time feel with kiosk, TV's and franchise aura. Immaculately kept, brand new look from store front to back kitchen.
