Restaurant With History, Profit, and Opportunity

Not Disclosed, NC
New Hanover County

Cape Fear


Asking Price: Annual Revenue:
$600,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Restaurant With History, Profit, and Opportunity Broker: Joan Loch
License #: 295245

Quick Facts

Asking Price: $600,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $140,000
Real Estate: Not Disclosed
Year Established: 2011
Employees: Not Disclosed
BBN Listing #: 514663669
Broker Reference #: Not Disclosed

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Business Overview:

Located in the heart of Historic Downtown Wilmington, with outstanding outdoor seating the first thing a buyer interest should realize is the opportunity this established restaurant offers for the future. Operating successfully in this location for 10+ years, the restaurant maintains a loyal local clientele and is very popular with the tourist market. Financials show income capability is strong with opportunity to grow in new areas of the business. Gross Revenue listed is end of year 2019. The Covid shutdown (March- May) of businesses in 2020 and reduced indoor seating capacity from June - December, resulted in a drop in revenue. Financials in 2021 through July show a strong rebound in revenue and net income.

The owners have been diligent and smart about their business and have operated successfully, maintaining loyal staff and customers. Serious interests should not delay in exploring this business.

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Reason for Selling:

Retirement

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.

Relevant Links:

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