Confidential Wilmington Restaurant Sale

Undisclosed Address, Wilmington, NC 28403
Business Opportunity for Sale
Catylist Listing ID: 30791140
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $295,000
Name of Establishment: Confidential
Year Business Established: 2015
Gross Revenue: $500,000 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Cash to Seller
Last Updated: 5/12/2022

Overview / Comments

This is an excellent opportunity to step into a turn key restaurant business with long term management and staff in place, favorable below market lease terms and plenty of time in renewal options.

Centrally located in Wilmington in a high visibility/high traffic count location, this restaurant has been serving its long term and new patrons alike for 15 years. From day one, the new owner will enjoy this loyal customer base and refined recipes that keep them coming back.

Currently operated under limited hours, the current business grosses +/-$500k in sales annually, expanded hours could result in exponentially greater income. The asking price is essentially asset sale level, giving the new owner a strong foundation to be profitable immediately.

All other additional information is available upon the execution of the attached Confidentiality Agreement. Confidentiality Agreement must be signed by the buyer(s) and their broker.

Additional Details

Industry Segment: Restaurants
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Part of Planned Development?: Yes

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,960 80,225 137,540
Median Age: 36.35 36.51 37.03
Households: 4,034 35,118 59,663

Contact

Photograph of Listing Agent

Eric Knight

Nest Realty NCCMLS Member
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