MORRISVILLE, North Carolina
| Asking Price |
$120,000 |
Year Established |
2023 |
|
| Annual Revenue |
$483,918 |
Reason for Selling |
Retirement |
|
| Annual P/L |
$0 |
Attention |
Paul Peterson |
|
| Annual Cash Flow |
$0 |
Listing Number |
1015923 |
|
| # of Employees |
5 |
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
Presented by We Sell Restaurants, buy this fully equipped Asian restaurant in Morrisville, North Carolina, and bring your own concept to a space that is already built and ready to go. With approximately $483,000 in annual sales, this asset sale offers a great opportunity to take over an operating restaurant while avoiding the time and significant expense of building a location from scratch.
At approximately 2,000 square feet with seating for 54, the restaurant for sale has a functional layout that works well for dine-in, takeout, delivery, or a combination of all three. Continue with the current Asian concept, or bring your own concept and make the space your own.
The real value here is in the kitchen. A 12-foot hood system anchors a serious cook line that includes a three-wok station, two double fryers, rice cookers, a hot well, two soup warmers, and a meat slicer. There is also plenty of refrigeration and prep space, including three upright two-door refrigerators, a three-door freezer, an undercounter refrigerator, two sandwich prep tables, a large stainless steel prep table, prep sinks, a three-compartment sink, shelving, and a grease trap. Smallwares, dishes, flatware, tables, booths, and seating are also included.
The location is another big advantage. Situated in fast-growing Morrisville in Wake County, the Restaurant for sale is near Raleigh-Durham International Airport and Wake Tech Community College and is surrounded by hotels, businesses, residential neighborhoods, and strong commercial traffic. The location is also just off I-40, making it easy to access for customers, takeout and delivery drivers, catering orders, and employees.
The rent is approximately $4,300 per month, and the current lease runs through November 2028 with an additional five-year option available.
The restaurant is currently open six days a week for lunch and dinner with a staff of five. With approximately $483,000 in annual sales already in place, a new owner has several ways to grow the business, including expanding online ordering and delivery, developing a catering program for nearby businesses, hotels, offices, and events, increasing marketing, refreshing the signage, or extending operating hours.
There is currently no alcohol service, giving a new owner the opportunity to explore adding beer and wine, subject to the required permits and approvals.
The seller is ready to retire and will provide training as needed to help with a smooth transition. Qualified buyers may also have access to unsecured lending of up to $500,000 that can potentially be used toward the purchase, improvements, and working capital.
If you're looking for an affordable, well-equipped second-generation restaurant in Morrisville, this one is worth a look. You get approximately $483,000 in annual sales, a kitchen built to handle volume, and a location with convenient access to I-40, RDU Airport, Wake Tech, nearby hotels, businesses, and residential customers.
Contact We Sell Restaurants today to learn more and schedule a confidential showing.
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Property Features and Assets:
One undercounter two-door refrigerator, three rice cookers, two double fryers, one large 3 wok station, one 12-foot hood, one three-door sandwich prep table, one two-door sandwich prep table, miscellaneous shelving, two prep sinks, three upright two-door fridges, one upright three-door freezer, one meat slicer, one three-compartment sink, one large stainless steel prep table, two soup warmers, one hot well, miscellaneous dishes and flatware, and seating for 52.
Market Competition and Expansion:
Busy commercial area, near hotels and short term stay. Near RDU International airport.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity