Restaurant / Bar for sale, "Turn-Key" Downtown Wilmington

Undisclosed Address, Wilmington, NC 28401
Business Opportunity for Sale
Catylist Listing ID: 30708007
Property Subtypes: Entertainment and Leisure, Food and Beverage
Building Size (RSF): 1,200 SF
Sale Price: $79,500
Name of Establishment: Confidential
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Cash, possible owner financing with 75% down.
Last Updated: 4/22/2021

Overview / Comments

Modern American Mexican meets sleek old world design. Long smooth visual lines with Spanish encaustic tile, accented with flowing greenery, rustic wood finishing and pops of pink bring modern to old world. Shotgun style, open kitchen purpose built with new everything from hood to ovens! Separate dry storage, chemical room/ storage, cold storage room, 2 bathrooms (uniquely detailed) and accents, nooks and photo ops throughout. Superb location in the heart of Historic Downtown Wilmington. This restaurant is 1200 sq of perfection ready for new owners to usher it into 2021.
Long term lease, sale is for business, assets and assignment of lease, no real property.

Additional Details

Industry Segment: Other Entertainment and Leisure
Value of Inventory Included ($): $5,000
Value of Furniture, Fixtures, and Equipment ($): $70,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: 5 yr term with renewal option, rent is 1650 per month.
Employee/Labor Description: Staff can stay, turn-key
Mgmt/Training Support Description: Full transition support available from current owner.
Competition/Market Description: Incredible location, hundreds of new apartments being built within blocks of restaurant.
Growth/Expansion Opportunities: Currently dinner only, lunch service expansion will be an enormous opportunity.
Seller Financing Description: Possible with large downpayment.

Contact

Photograph of Listing Agent

Christian Cardamone

Keller Williams Realty NCCMLS Member
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