Military Cut Off

Business Opportunity for Sale
Catylist Listing ID: 30525872
Property Subtypes: Food and Beverage
Building Size (RSF): 4,500 SF
Sale Price: $324,900
Name of Establishment: Confidential
Franchised Business: Yes
Year Business Established: 2015
Gross Revenue: $1,400,000 (Annual)
Cash Flow: $0 (Annual)
Relocatable Business: Yes
Sale Terms: Cash / SOME seller fi may be available
Last Updated: 11/22/2019

Overview / Comments

Anchored in one of Wilmington's premier town centers, we are offering a turn key business for sale with all assets, FF&E, staff and a thorough transition support team. The parent company is renowned for education and support to ensure continued success and longevity. Currently 102 inside seats and 12 seats outside.
This successful location can offer a fully trained staff at all positions and produces an average of 1.4 million a year in gross sales. Celebrating over 15 years in business!
The superb location makes it easy to maintain the loyal following of a regular customer base with a large book of established catering customers.
Prime location within the center close to heavy traffic intersection with high visibility.
Large social media presence and well known in the local community.
5-year lease available for assignment.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Industry Segment: Restaurants
Reason for Selling: Moving on to new ventures after a decade of success.
Value of Inventory Included ($): $6,700
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: 8,362.50 a month on a 6 year lease.
Part of Planned Development?: Yes
Employee/Labor Description: 24 employees to remain if needed.
Mgmt/Training Support Description: Owner will assist in transition over 30-60 days if needed.
Competition/Market Description: Located in Wilmington's premier town center with shopping, dining and attractions nearby. Heavy traffic count daily.
Growth/Expansion Opportunities: Catering is a huge opportunity for growth.
Seller Financing Description: With sizable downpayment seller FI may be considered

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,360 60,039 113,533
Median Age: 45.44 36.03 37.11
Households: 1,996 24,566 47,489


Photograph of Listing Agent

Christian Cardamone

Keller Williams Realty NCCMLS Member
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