Restaurant and Bar for Sale Near Asheville

Asheville, NC
Buncombe County

Asking Price: Annual Revenue:
$175,000 $403,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Restaurant and Bar for Sale Near Asheville Broker: Tabby Hemphill

Quick Facts

Asking Price: $175,000
Annual Revenue: $403,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2005
Employees: 9
BBN Listing #: 48178096
Broker Reference #: 9177

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Business Overview:

Don't let this one pass you by! This busy Restaurant and Bar for Sale is located in a picturesque downtown location in Western North Carolina just twenty-five minutes from Asheville. This local favorite is churning out $400,000 in sales and only open for dinner five nights a week! Non traditional lending could be available for strong buyers with restaurant experience and strong credit.

Established for seventeen years, this Restaurant and Bar for Sale has been a favorite for locals and tourists alike for nearly two decades! Nestled in the scenic Blue Ridge Mountains, this downtown main street location is the perfect place for anyone looking to move to WNC and operate their own Restaurant. The area has experienced tremendous growth in the last several years and the downtown area is flourishing with newcomers and locals alike.

Traditional SBA lending is not available on this opportunity, but don’t let that stop you! We Sell Restaurants has lender resources that could get qualified buyers the financing they need to purchase this downtown gem!

This beautifully built out 1,800 square foot space has plenty of room for guests with seating for sixty-five inside and an additional twelve outside. The large solid wood bar is something you would expect to only find in a restaurant listed for twice the price of this one! This Restaurant and Bar for Sale is laid out to accommodate private parties without interrupting your regulars dining experience.

The rent for this Restaurant and Bar for Sale is an easy to manage $3,700 per month and is not a problem with sales at $400,000 per year. Landlord is willing to negotiate on the terms of the lease but is willing to start with a five-year lease and extend some options.

Fully staffed! This Restaurant and Bar for Sale currently has and has been able to maintain a full staff of nine employees that already know the locals and the regulars! This opportunity comes fully equipped with everything from the fryers, griddle, 2 door oven, steamer tables, draft beer coolers, 9 ft. hood system, reach in coolers and more!

This downtown location is currently on track to do $400,000 in sales. What makes this so impressive? The fact that this Restaurant and Bar for Sale does that much volume and is only open four hours five days per week! They did just recently extend hours on Sunday to stay open for eight hours. Sales of $400k and twenty-eight hours per week with no lunch!

A new hands-on owner operator would be able to increase the hours and offer a lunch menu that would have the sales and profits rolling in! This Restaurant and Bar for Sale is a great opportunity for any Chef looking to own their own restaurant without breaking the bank! Don’t miss this opportunity, affordable restaurants in this area are rare!

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Property Features and Assets:

2 wine coolers 2 stand up storage refrigerators 1 large stand up storage freezer 1 large horizontal freezer box 1 small stand up freezer box 1 ninja food processor 1 kitchen aid food processor 2 basket fryer Vulcan 6 eye 26 inch griddle 2 door oven 24 x 36 grill 1 heat lamp 1 carving lamp 2 steam tables 1 meat slicer 1 hand blender Avantco draft beer cooler True bottle and can cooler sandwich coolers ice machine reach in cooler reach in freezer Tables Chairs small wares linens bar stools bar equipment

Market Competition and Expansion:

Area has seen tremendous growth. City has done amazing job pulling in tourists with festivals.

Reason for Selling:

New Career.

Additional Details:

  • The property is leased.
  • 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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