Landmark Restaurant located near the Eastern No...

Raleigh, NC
Wake County

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

Miscellaneous: Non-classifiable

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RE: Landmark Restaurant located near the Eastern No... Broker: Charles Broadwater
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: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2005
Employees: 52
BBN Listing #: 513964285
Broker Reference #: RICHMVA001-51905

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Business Overview:

* Historic neighborhood restaurant for sale and after 80 years, it?s still a go-to spot for locals. * Family-operated food service in the Hampton Roads area * The restaurant has served excellent food at reasonable prices since its opening 80 years ago. * Today, the menu is diverse serving early breakfast, lunch, and early dinner to accommodate the nearby middle-income neighborhoods. * Seller will consider some financing for a qualified buyer available for additional purchase price * The business has grown over the past year while others closed. This shows the local support for this historic eatery.

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Additional Details:

  • The property is owned.
  • The owner is not 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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