CONOVER, North Carolina
| Asking Price |
$1,000,000 |
Year Established |
1972 |
|
| Annual Revenue |
$49,800 |
Reason for Selling |
Retirement |
|
| Annual P/L |
$0 |
Attention |
Justin Scotto |
|
| Annual Cash Flow |
$0 |
Listing Number |
1016619 |
|
| # of Employees |
|
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
Own Restaurant Real Estate in the Catawba County/Hickory area with an established restaurant currently operating and an active tenant already in place. Offered by We Sell Restaurants, this opportunity combines approximately 1.29 acres, a fully built-out second-generation restaurant, ample parking, and the ability to step into the role of landlord while earning rental income from an occupied commercial property. For an investor seeking real estate with an existing use and tenant, much of the groundwork has already been done.
The Restaurant with Real Estate is currently open and operating seven days a week, utilizing a substantial buildout designed to accommodate a high-volume operation. The dining room offers seating for 164 guests with 11 single booths, 11 double booths, 40 tables, and 110 chairs. An efficient front-to-back layout supports dine-in service along with dedicated areas for takeout and delivery order pickup.
The commercial kitchen offers extensive infrastructure, including an eight-burner stove with oven, char broiler, flat-top grill, twin deep fryers, double-stack oven, double bread warmer, and a 19-foot hood system with grease trap. A walk-in cooler and walk-in freezer are fixtures of the property, while additional refrigeration, prep areas, sinks, storage, and commercial kitchen equipment support the restaurant's current operation.
The approximately 1.29-acre property provides generous parking, convenient ingress and egress, and prominent visibility for signage. The combination of land, restaurant infrastructure, and an operating tenant creates an attractive opportunity for a buyer interested in commercial real estate with an existing income-producing use.
Rather than purchasing a vacant restaurant property and then searching for a tenant, the new owner can become the landlord of an actively operating restaurant and benefit from a steady rental income stream while owning the underlying real estate. Over time, ownership also provides the opportunity to build equity in a commercial asset while retaining the flexibility associated with a second-generation restaurant property.
Schedule a call with We Sell Restaurants to evaluate the real estate, existing restaurant infrastructure, and investment opportunity firsthand.
The real estate sale will be handled by a licensed NC Real Estate broker.
By providing your phone number to We Sell Restaurants, you are agreeing to receive text notifications.
Property Features and Assets:
11 Single booths <br>11 Double booths<br>110 Chairs <br>40 Tables <br>1 Nineteen foot hood is fixture <br>1 Eight burner stove with oven <br>1 Charbroiler <br>1 Flat top grill<br>1 Four drawer undercounter cooler<br>2 Deep fryers <br>1 Double stack oven <br>1 Two door freezer <br>1 Three door deli table <br>1 Five foot ss prep table <br>2 Microwave <br>1 Ice machine with ice bin <br>1 Double bread warmer<br>1 Six foot ss prep table with dish rack <br>1 Single door glass cooler <br>1 Hobart slicer <br>3 Storage racks <br>3 Tray storage racks <br>3 TVs<br>1 Walk in cooler is a fixture <br>1 Walk in freezer is a fixture <br>Miscellaneous pots and pans <br>1 Three compartment sink <br>1 Two compartment sink
Market Competition and Expansion:
Catawba County has an active restaurant scene serving residents, employees, shoppers, and visitors throughout communities including Hickory, Newton, and Conover. Competition across multiple dining categories gives well-positioned concepts opportunities to build repeat business.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity