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Legendary Downtown Asheville Restaurant

Asheville, NC
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Asking Price:$655,000
Established Year:1993
Gross Revenue:$1,800,000
Listing ID: 2248655Listing provided by BizBuySell
BUSINESS DESCRIPTION

The time has come for the owners of this iconic AVL hot spot to put their feet up and turn the reigns over to new ownership, after 30 years of successful operation.
A centrally-located spot, with indoor and outdoor seating (130 seats plus a bar), offering a creative and evolving menu, presents an extraordinary opportunity for expansion of the brand and leveraging the prime location for an operator seeking a one-of-a-kind chance to plant their flag in a completely turn-key deal.
Annual sales hover just under two million ($2,000,000), the lease is attractive, and you could not find a more beautifully-maintained facility.
This truly is a rare opportunity, and deserves an operator with vision, experience and a desire to care for this brand for the coming decades.
Serious, experienced inquiries only, please.

DETAILED INFORMATION
Location
Asheville, NC
Inventory
Not Included in asking price
Employees
12
Facilities
Full, open, very efficient galley kitchen, inside dining room, outside patio (with total of 130 seats, additional at bar), well-maintained, bright dining room with reception area. Additional dry storage/office area off the DR.
Competition
This business is in the heart of thriving downtown Asheville, host of one of the East's most desirable tourist destinations and one of the country's premier retirement areas. The food scene in Asheville is historic and has led the Carolinas for decades. New and creative concepts color the dining landscape throughout the town. This may appea to be "competition", but actually creates an "all boats rise with the tide" effect, as so much of Asheville's attraction is the innovative restaurant scene.
Growth & Expansion
Currently open for lunch and dinner 5 days/week, this restaurant could grow leaps and bounds with 7-day service and/or a push into earlier opening on Sat/Sun with a Brunch menu. Recently opened brand new hotels, within walking distance, will attract even greater demand for dining at this location.
Financing
SBA
Support & Training
2 weeks hands-on seller training one month total seller support
Reason for Selling
Well-deserved retirement
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George Buell
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George Buell
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