Gaston County Steak & Seafood w/ Real Estate
| Asking Price: | $1,100,000 |
| Gross Revenue: | $1,100,000 |
| FF&E: | $200,000 |
| Established Year: | 2006 |
| Cash Flow: | $175,000 |
| Inventory: | $15,000 |
| Real Estate: | $800,000 |
The current owner took this business over from the family years ago and has gradually increased revenues every year since. But has now shifted focus onto other business projects that require more time and has become mostly absentee over the past few years.
While sales have been increasing annually, there are massive opportunities to increase revenues & profits for a smart operator that understands menu engineering. Currently there is no bar and no liquor sales, and there's opportunity to introduce a selection of more choice meats to the menu - so the seasoned operator should be able to easily find the silver lining here.
This is a Big Fish, Small Pond scenario - there really isn't any competition in the area for this level of cuisine. And there hasn't been any focus on advertising the business for some time. All sales increases have come from word-of-mouth.
The property is immaculate. Very solid curb appeal & ambiance. Free-standing cabin feel sitting on over 3 acres. And the kitchen is well-equipped to pull off just about any cuisine.
Contact National Restaurant Properties to schedule a confidential review of this and other F&B business opportunities across the CLT metro & beyond.
