Upscale Restaurant For Sale
Location North Carolina,United States
Asking Price Range < $250K
Gross Revenues $1150000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2009
Number of Employees 10 - 19
Inventory 220000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Seller will provide training.
Reason for Sale Other business demands.
Description Price has been reduced to just $225,000! This Charlotte Area Restaurant is a great opportunity for someone with food experience to take over an upscale restaurant in an excellent location. A new owner could continue the present theme and menu, and maintain current staff, or employ a new theme and menu.
The asking price is well under the cost of up-fitting and furnishing a restaurant of this size. The business occupies 8,000 square feet with a monthly rent of $15,300. Current monthly payroll is $26,000. The monthly sales volume is currently $22-23,000 per week. Lunch comprises about 40% of current revenue while dinner accounts for approximately 60%.
The business is open 7 days a week with brunch on Sundays. The restaurant seats about 300 inside and there are two outside patios. The seller is very motivated to sell as he operates other restaurants in other areas. For more information, please contact Bob Holt at 336-545-7545 (office) or 336-339-8370 (cell).
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