Nationally Recognized Restaurant

Not Disclosed, NC

Triangle Area

Asking Price: Annual Revenue:
$500,000 $1,362,451

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Nationally Recognized Restaurant Broker: David Buboltz

Quick Facts

Asking Price: $500,000
Annual Revenue: $1,362,451
Net Profit: Not Disclosed
Cash Flow: $287,975
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 110951569
Broker Reference #: RL00094

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Business Overview:

For over 40 years this nationally acclaimed restaurant has set the standard for southern cooking in the Triangle. Families, business people, celebrities, and international travelers all dine at this restaurant to get a sense of true southern cooking. This business is set up to quickly expand into catering and acquire a full liquor license. The building is well maintained and situated on a prime downtown lot that features ample parking making this establishment a true destination of choice. This is a once in a lifetime opportunity to acquire a nationally acclaimed restaurant with a long track record of profitability and take it to the next level! The current owners are ready to retire and hand over this goldmine to someone that wants to expand and keep the tradition going. The property alone is worth over $1,000,000 to be sold along with the business for a total of $1,600,000 making this a prime candidate for favorable SBA terms.

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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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