Business For Sale

Mediterranean Restaurant for Sale in Raleigh

Raleigh, NC
Wake County


Asking Price: Annual Revenue:
$180,000 $387,635

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Mediterranean Restaurant for Sale in Raleigh Broker: Eric Gagnon

Quick Facts

Asking Price: $180,000
Annual Revenue: $387,635
Net Profit: Not Disclosed
Cash Flow: $71,117
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1996
Employees: 5
BBN Listing #: 23178096
Broker Reference #: 5763

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Business Overview:

Buy this well-established Mediterranean restaurant for sale today in a prominent shopping center in Raleigh, NC with sales over $387,000 and more than $71,000 in owner earnings!

Buy this incredible restaurant for sale today that is in a traffic shopping center that has been open and operating since 1996! Sales for this store have increased every year for the past five years and are continuing to BOOM! Sales for 2017 were well over $387,000! Keep this delicious and healthy Mediterranean concept or bring your own concept to the table! This restaurant for sale has a fully equipped kitchen that features a grease trap, hood, walk in cooler, walk in freezer, and indoor and outdoor seating to accommodate approximately 100 people at a time!

This prime restaurant for sale offered by the Restaurant Brokers is surrounded by busy shops, restaurants, and neighborhoods-all a guarantee to keep the traffic coming. What are the many reasons to buy this restaurant for sale in Wake County? This market has many powerful attributes including a workplace growing at a rate of 67 people per day - half of whom have a bachelor's degree or higher! Get into business for yourself by buying this Mediterranean restaurant (or by turning it into your own concept) for sale with a diverse economy and one of the largest concentrations of technical talent in the country. Last year Raleigh ranked fourth in the country for the highest concentration of technology job openings behind San Francisco, Austin and Seattle.

Rent including CAMs for this 1600 square foot restaurant for sale is only $4,600 per month. The huge outdoor seating area has seats for approximately 58 guests. This outdoor seating features doors that can open wide for warmer months and be kept closed during the cooler months. This beautiful outdoor seating area at this restaurant for sale in Raleigh, North Carolina also features a huge chalk board wall, the perfect spot to add weekly menu specials! We can't forget to mention the second income stream - catering!

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Property Features and Assets:

Dining Room: 50 Chairs 45 (Extra chairs in storage) 17 Tables Outside Dining Room features enough seats and tables for 58 people (these tables and seats belong to landlord but he lets restaurant owner use them) Behind the Counter: 6' Exhaust Hood Flat 60" Grill 18" Grill Fryer Heat Lamp Prep Table Refrigerator Stainless Steel Table (2) Cash Register Gyro Machine Steamer/Warmer Kitchen: Table (2) Three Compartment Sink Shelving Ice Machine Storage Room Wire Shelves (4) Water Heater Walk-In Cooler Walk-In Freezer

Market Competition and Expansion:

Bus terminals, restaurants, retail shopping.

Reason for Selling:

Other

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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