Catylist ID:
#30708007
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: | $0 (Annual) |
| Sale Terms: | Cash, possible owner financing with 75% down. |
| Last Updated: | 2/17/2021 |
Overview / Comments
|
Modern American Mexican meets sleek old world design. Long smooth visual lines with Spanish encaustic tile, accented with flowing greenery, rustic wood finishing and pops of pink bring modern to old world. Shotgun style, open kitchen purpose built with new everything from hood to ovens! Separate dry storage, chemical room/ storage, cold storage room, 2 bathrooms (uniquely detailed) and accents, nooks and photo ops throughout. Superb location in the heart of Historic Downtown Wilmington. This restaurant is 1200 sq of perfection ready for new owners to usher it into 2021. Long term lease, sale is for business, assets and assignment of lease, no real property. |
Additional Details
| Industry Segment: | Other Entertainment and Leisure |
| Value of Inventory Included ($): | $5,000 |
| Value of Furniture, Fixtures, and Equipment ($): | $70,000 |
| Real Estate Status: | Leased |
| Value of Real Estate Included ($): | $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. |
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