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Profitable Award Winning Casual Dining Restaurant For Sale

Ashe County, North Carolina
Asking Price:
$849,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,325,000
Cash Flow:
$285,800

Turnkey And Profitable Award Winning Upscale Casual Dining Restaurant for Sale for Only $849,000. Revenue increase of 12% over the same time last year and that is after 30% plus since inception--they are doing great! This is the ultimate in turnkey (just walk in and start working) with trained staff in both the front of the house and fully trained kitchen. Situated in an attractive and totally renovated historic building (circa 1915) with 98 seats inside (custom booths, custom built bar and custom built back bar) and 52 seats outside plus upstairs porch with mountain view.The restaurant is the first to offer outdoor seating that is pet friendly! Impressive sales have grown over 30% each year since inception in 2013. All new equipment with three years of use. Full security system with cameras in strategic location, new kitchen and hood system, newly upgraded Revel POS system, new patio and porch furniture, separate office and storage room and SteriLyte disinfection system. This is a great deal offered below market value and with an assumable long-term lease agreement. The restaurant is full service for Lunch, Dinner & Brunch. Full ABC License, along with craft beers, imported beer, domestic beer and a full wine list. There are 15 full time employees and over 40 part time employees. The patio stage provides live music throughout the year and there is a 2nd floor porch perfect for customers to enjoy appetizers and beverages. Additionally a private dining room is available for corporate and private events. The restaurant has a good social media presence, a large email list and impressive online reviews. Owner may consider financing for qualified buyer with $750,000 upfront. Ready to hear more? call us now.

Property information

Real Estate:

Lease

Lease Terms:

Assumable Lease --Call for details.

Location:

Totally renovated restaurant in an historical building covering 2250sq.ft with an upstairs porch and large outdoor patio. Leased facility. Prime location in Ashe County, North Carolina within 2 to 3.5 hours of Asheville, Charlotte, Winston-Salem, High Point, Raleigh, Durham, Chapel Hill, and all points between. Visitors and locals have discovered the friendliness and the quality of life, this area has to offer. They also desire a restaurant that offers good tasty food, friendly service and great customer service. The restaurant and Owner have been committed to giving back to the community and share its success. Over the past three years they have been one of the sponsor for an amazing number of events, community projects, programs and Initiatives--a win win for everyone! This is an amazing place to own a profitable business and enjoy life. Call for more details

Premises Details:

Historical building covering 2250sq.ft with an upstairs porch and large outdoor patio. Leased facility.

Leased premises

Business Operation

Expansion Potential:

Ashe County has taken great strides to enhance the county and bring in visitors and it has worked! There are great opportunities for an enthusiastic and energetic owner to take the restaurant to the next level. Owner states there are several areas of significant cost savings that will be realized at the time of sale and other areas that can be implemented after the sale.

Competition / Market:

Not an issue--this is the competition.

Reasons for selling:

Need to focus on another business interests

Trading hours:

Open 6 days a week. Tuesday through Thursday 11:30 am to 9:00 pm and Friday and Saturday 11:30 am to 10:00 pm and Sunday from 11:00 am to 2:00 pm.

Employees:
15 full-time, 40 part-time
Years established:
2013

Other Information

Support & training:

Owner offers complimentary support and training for up to 30 days. Anything over 30 days with employee contract.

Financing available:

Owner may consider financing for qualified buyer with $750,000 upfront.

Contact Broker

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