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Established Restaurant in South Wilmington

New Hanover County, NC

Seller Financing Available

listing image
Asking Price:$495,000
Gross Revenue:$965,000
Rent:$4,250/Month
FF&E:$155,000
Cash Flow:$208,000
Inventory:$35,000
EBITDA:$225,000
Established Year:1978
Listing ID: 2248181Listing provided by BizBuySell
BUSINESS DESCRIPTION

40+ Year Old Established on the Coast of NC

Confidential Listing for a Full Service Restaurant in South Wilmington with Long Term Lease. This Restaurant Has an Incredible reputation for Breakfast /Lunch with option to add Dinner and add 3-400k more Sales. Currently has 82 seats inside and 28 seats on outside patio.

DETAILED INFORMATION
Location
New Hanover County, NC
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,100
Lease Expiration
31/12/2038
Employees
20
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
ALL FF&E INCLUDED in PURCHASE PRICE. BRAND NEW WALKING COOLER/FREEZER INSTALLED IN JAN 2023. NEW A/C 8/2024 OWNER FINANCING POSSIBLE
Competition
GROWNING SMALL COASTAL CITY. NEW MULTIMILLION HOTEL & CONVENTION CENTER APPROVED WITHIN 1000 FT FOR 2027. LIMITED PARKING ONSITE.
Growth & Expansion
CURRENTLY SERVING BREAKFAST / LUNCH. EXPAND TO DINNER SHOULD ADD 2-300K OF BUSINESS TO THE P&L. ALSO EXPANTION AVAILABLE WITH THE BEST VIEW FOR THE ROOFTOP
Financing
SOME SELLER FINANCING AVAILABLE
Support & Training
UP TO 90 DAYS OR MORE
Reason for Selling
OWNER RETIRING DUE TO RELOCATION.
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Ed Thomas
Phone Number
Ed Thomas
Call Phone