Landmark North Carolina Restaurant Located near...

Eastern North Carolina, NC

Asking Price: Annual Revenue:
$375,000 $1,900,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Landmark North Carolina Restaurant Located near... Broker: Charles Broadwater, Jr.
Owner Financing is Available!

Quick Facts

Asking Price: $375,000
Annual Revenue: $1,900,000
Net Profit: Not Disclosed
Cash Flow: $260,000
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: 2005
Employees: 52
BBN Listing #: 124938944
Broker Reference #: RICHMVA001-N1488

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Business Overview:

A well-established and well-known restaurant in Southeastern North Carolina. The business has developed and grown since its opening by serving quality food at a reasonable price. The menu features farm-to-table lunch and dinner along with local North Carolina seafood to the locals and tourists. . Over the last two years the owners have successfully refocused the business. The changes have improved profits and revenues! Seller financing is an option for a qualified, experienced buyer with a significant down payment. In 2021, the business broke through the $2.0 million revenue threshold and exceeded 15% profit margins. The business had the best financial year in the restaurant’s 16-year history. The real estate is also available with the restaurant but not included in the asking price. Bank financing has been approved for the real estate. The landlord is willing to assign the existing lease to a new qualified owner. The sellers will provide a 60-90 day training and transition to the new owner and they will consider a short-term employment contract after that.

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Additional Details:

  • The property is owned.
  • 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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