Listing ID: 67647
Fully Equipped Restaurant For Sale in Denver, North Carolina! This Restaurant for Sale is conveniently located with lots of foot traffic. Priced to sell 75k! Serious Seller! Bring all offers today! Huge amount of equipment included.
This Restaurant seats 144 people. This Restaurant for Sale is currently set up as counter service keeping your labor needs down. Located in a busy shopping center there are other retail, food and service establishments that allow you to pull in customers from the other establishments in the plaza. There is also many neighborhoods nearby to generate not only in house business, but delivery and take out as well.Traffic counts show 26,000 cars drive pass this shopping center in a daily basis.
The commercial kitchen at this Restaurant for Sale by We Sell Restaurants can meet all of your needs with a whopping 25 foot hood system, fryers, convection oven, walk in cooler, walk in freezer and much more. Just check out the equipment list in the full package to see all the details. It as currently operating as an American Restaurant that you can keep as is or if you are dreaming of another concept your opportunities are endless. With three years left on the lease and additional options you can feel confident that you have time to get established and stay in place. Everything has been well taken care of making it easy to go in with little to no struggle.
Denver, North Carolina is located in Lincoln County and has a estimated population in 2022 of 92,000 and a growth rate of 2.24%. The average household income is $76,000! Denver, formerly known as Dry Pond, is a census-designated place in Lincoln County.
Is there lending available? You bet. Have a credit score of over 680 with a good credit history and you’ll have loan approval with We Sell Restaurants lenders in 48 hours or less!
Time to go after your dreams with this turnkey restaurant in this BOOMING town!
- Asking Price: $75,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:4,000
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
28 Dining Room Tables 23 Booths 14 Dining Room Chairs 1 Dishwasher is Leased 1 Double Stack Convection Oven 4 Deep Fryers 1 Sandwich Prep Table 2 Low Boy Freezers 1 Low Boy Refridgerator 1 Hood 25ft is a Fixture 1 Walk in Cooler is a Fixture 1 Walk in Freezer is a Fixture 1 Ice Machine with Bin 2 Prep Tables 1 Charbroiler 1 Six Burner Range Miscellaneous Equipment Tables Miscellaneous Pots and Pans 1 Tea Brewer
Charlotte has seen the job market increase by 3 5 over the last year Future job growth over the next ten years is predicted to be 42 5 which is higher than the US average of 38 0
Key business for expansion and growth Charlotte is the number 2 metro in the US for economic growth
The business was started in 2015, making the business 7 years old.
The business has 10 employees and resides in a building with estimated square footage of 4,000 sq ft.
The real estate is leased by the company for $8,000
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell businesses. However, the true reason and the one they say to you may be 2 entirely different things. As an example, they may say "I have too many other commitments" or "I am retiring". For many sellers, these reasons stand. However, for some, these may just be justifications to try to conceal the reality of changing demographics, increased competition, recent decrease in profits, or an array of other reasons. This is why it is extremely essential that you not count entirely on a seller's word, but rather, use the vendor's response combined with your overall due diligence. This will paint a more practical image of the business's current situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Many companies take out loans so as to cover things like inventory, payroll, accounts payable, and so on. Keep in mind that sometimes this can indicate that revenue margins are too tight. Numerous organisations come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that have to be met or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location draw in brand-new clients? Often times, companies have repeat customers, which develop the core of their day-to-day profits. Particular aspects such as brand-new competitors growing up around the location, road construction, as well as employee turnover can affect repeat customers and negatively impact future earnings. One essential thing to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more people that see the business on a regular basis, the greater the opportunity to develop a returning consumer base. A last thought is the basic location demographics. Is the business situated in a largely inhabited city, or is it situated on the outside border of town? Exactly how might the neighborhood typical home income impact future revenue prospects?