Business Overview

Well Established Restaurant for Sale. Family Owned and Operated for 20 Years. Same Owner! First time on the market. Owner is ready to retire! PRICED TO SELL.
This profitable Restaurant for Sale is well known in the area with over 4 stars on Google review. The space is 1200 square feet and rent of $2666 per month . All this makes a winning combination for this 46-seat Restaurant. The fully equipped kitchen includes: 16 Foot Hood, Tri Star Stove with 6 Burners,Tri Star Fryers,Star Max Grill,Commercial Ice Machine and much more.
We Sell Restaurants is proud to offer this excellent Breakfast and Lunch opportunity. This Restaurant for Sale has been in business for over 20 years and is located in a prime area. This Restaurant is easy to run. Currently hours of operation are Tuesday-Sunday 7am -2pm. They offer full service dine in and take out. Add delivery service and watch your sales grow.
This Restaurant for Sale has many possibilities allowing you to offer dinner if you wanted to expand the hours of operation as well as increase revenue. This Restaurant for Sale offers a wide range of breakfast/lunch menu items which include: pancakes, waffles, crepes, French toast, omelets and skillets, as well as sandwiches, burgers, melts, wraps, croissants, clubs, salads and more. Also, children’s menu.
Don’t waste time building from scratch the average restaurant start up cost is $275,000 !This Restaurant for Sale is 100% turn-key and ready for a new owner and includes training! Sellers are ready to retire and are looking for the right buyer to continue the successful operation.
Need lending assistance? This Restaurant for Sale priced between $20,000 and $200,000 can be financed with our lending partners. If your credit score is 680 or above, contact the restaurant brokers at We Sell Restaurants for an introduction to our teams that can have you approved in the next 48 hours.

Financial

  • Asking Price: $100,000
  • Cash Flow: $53,053
  • Gross Revenue: $244,318
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2003

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,200
  • Lot Size:N/A
  • Total Number of Employees:4
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

8 Long Tables 14 Swivel Chairs 1 Bench 3 Chairs 2 Baby Chairs 1 Two Door Glass Cooler 1 Hood 16 Ft is a Fixture 2 TVs 1 Bar Ice Maker 1 Duke Convection Oven 1 Tri Star Stove with 6 Burners 1 Tri Star Fryers 1 Superior Grill 24 inches 1 Star Max Grill 36 inches 1 Beverage Air 48 inch Cooler 1 Adessa Two Door Cooler 1 Superior 24 inch Salad Bar 1 Winco Steamer 1 Ember Glow Steamer 1 Commercial Toaster 1 Beverage Air Three Door Cooler 1 Superior Two Door Cooler 1 Commercial Waffle Maker 1 Commercial Scale 2 Commercial Attached Fans 5 Commercial Ceiling Fans 1 SS Sink 1 Commercial Ice Machine 1 Custom Wood Counter Top 1 Three Compartment Sink 1 Microwave 1 Bread Proofer 1 Single Door Cooler 1 Meat Slicer 1 Hand Sink 1 Two Door Kitchen Air Cooler 2 Reach In Glass Door Freezers

Is Support & Training Included:

Available with Seller

Purpose For Selling:

Retirement

Pros and Cons:

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

Opportunities and Growth:

Key business for expansion and growth Charlotte is the number 2 metro in the US for economic growth

Additional Info

The venture was started in 2003, making the business 19 years old.

The business has 4 employees and is located in a building with disclosed square footage of 1,200 sq ft.
The real estate is leased by the business for $2,666.25

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals resolve to sell companies. However, the true factor and the one they tell you might be 2 totally different things. For instance, they may say "I have a lot of various commitments" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these may just be excuses to attempt to hide the reality of altering demographics, increased competition, recent reduction in profits, or a range of various other factors. This is why it is very vital that you not count totally on a seller's word, but instead, make use of the seller's solution along with your overall due diligence. This will paint a much more reasonable image of the business's present circumstance.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Many companies borrow money so as to cover items such as stock, payroll, accounts payable, etc. Remember that sometimes this can imply that earnings margins are too tight. Lots of organisations fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that should be fulfilled or may result in charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the location draw in brand-new customers? Most times, companies have repeat customers, which develop the core of their everyday revenues. Certain factors such as new competition sprouting up around the location, road building and construction, and personnel turn over can influence repeat customers as well as negatively affect future profits. One vital point to consider is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more people that see the business on a regular basis, the better the chance to build a returning customer base. A final thought is the basic location demographics. Is the business situated in a largely populated city, or is it situated on the edge of town? How might the neighborhood typical family earnings effect future income potential?