Business For Sale

Raleigh-Durham Restaurant and Grill for Sale

Not Disclosed, NC
Wake County


Asking Price: Annual Revenue:
$99,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Raleigh-Durham Restaurant and Grill for Sale Broker: Cyndi Weinbaum
License #: 278741

Quick Facts

Asking Price: $99,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2006
Employees: 21
BBN Listing #: 67408096
Broker Reference #: 6276

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Business Overview:

Amazing Opportunity for an Experienced Owner Operator to Purchase This Profitable and Established Restaurant and Grill for Sale in Raleigh/Durham, North Carolina and can earn over SIX FIGURES! Open over 10 Years. $767,000 in Annual Sales and $8,000 per month in Rent make this a Terrific Buy!

This profitable Restaurant and Grill for Sale in the Raleigh/Durham, NC area is priced to sell. The location is ideal. The restaurant is just over 2,400 square feet, can seat around 80 inside and an additional 40 on their outdoor patio! Being open 11-9 affords the new owner a decent work-life balance.

This restaurant and grill for sale by the restaurant brokers, has been serving up some of the best burgers, sides, salads and grilled sandwiches in the area for more than a decade. Their beer and wine license allow their customers to wash it all down with a cold brew or glass of red or white wine. Four Star reviews on all the social media sites indicates they are doing something right, as does the monthly revenue of over $65,000! Customers rave about the food and value offered here.

The owner owns another restaurant a couple of hours away and lost the GM for this site, which resulted in a decline in business at this restaurant and grill for sale. Just a few years ago, annual sales exceeded $1 Million in revenue! Reported Net Income plus the GM's Salary exceeded $100,000! A strong new owner operator should easily be able to get this profitable restaurant and grill for sale back to these levels in no time.

Home to some of the largest and best-known universities, tons of businesses and residents who make up some of the strongest demographics in the east, this is a great place to own a casual dining restaurant and grill. Household median incomes are 30% higher than the state, and the average home price is $242,000! The area has over 460 thousand residents and is one of America's fastest growing according to Forbes Magazine. Don't miss out!

A restaurant and grill for sale with this level of sales and income potential, should easily sell for twice the asking price! Contact your restaurant broker today for more details.

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:

9 square tables 4 large rectangle tables 4 small round high tops 22 barstools 42 regular chairs 2 booster seats 3 high chairs 1 72" 3 72" double 3 48" 7 Patio Tables 36 Chairs 2 3x3 Tables 1 Wrightsville beach drone 3 Cornhole Boards 1 Surfing pic 1 wave pic 1 doc house pic 1 jetty pic 2 Open signs 1 linden surfboard 1 eaves rider surfboard 1 two guys grille surfboard 1 IBM FOH 4610 - TFG 2 Micros Touch Screens 3 Epson Printers for computers 1 Lenovo Back Office 1 Dell Printer 3 Hand sinks 1 3'8" Veggie Sink 1 Fabricated "dirty" dish and sink 1 3 compartment sink 3 Annett Grills 30x48 1 Annetts Grille 30x36 1 Salad pizza prep cooler 1 expo pizza prep cooler 1 2 door victory worktop freezer 2 fryers 2 microwaves 1 ice machine 1 salimander 1 1 door silver king reezer 1 silver king bottle coolers 1 6 tap beer ket unit 1 walk in refrigerators 1 walk in freezer 1 hot water heater 2 1.5 foot table with shelf 1 3 foot rolling prep table 1 5 foot prep table with shelf 1 4ft NSF Shelf 3 5ft NSF shelf 1 4.5 NSF Shelf 3 3ft NSF Shelf 1 2ft NSF Shelf 1 2'3" NS Bib Rack 1 4' NSF Shelf 150 silver plates 50 large salad bowls 50 1/3 pans 50 1/6 pans 3 pitchers 8 coffee cups 10 wine glasses 25 pint glasses 100 silverware sets 1 ice bucket and scoop 1 nerco veggie slicer 4 spatulas 4 mixing bowls 2 coffee pots 8 tongs 4 serving spoons 1 sugar bucket 6 outdoor table caddies 4 large cutting boards 2 small cutting boards 3 server trays 4 trash cans

Market Competition and Expansion:

Income and Salaries for Morrisville - The average income of a Morrisville resident is $39,229 a year. The US average is $28,555 a year. - The Median household income of a Morrisville resident is $84,301 a year. The US average is $53,482 a year. Morrisville, North Carolina is strategically one of the best locations in the country for industries of the mind. Its geographic location at the heart of the Research Triangle.

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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