Restaurant For Sale

Business Opportunity for Sale
Catylist Listing ID: 30265683
Property Subtypes: Food and Beverage
Condo? Yes
Building Size (RSF): 3,000 SF
Sale Price: $165,000
Name of Establishment: Olympia Restaurant
Year Business Established: 1994
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Per negotiated contract
Last Updated: 2/15/2019

Overview / Comments

DO NOT DISTURB THE MANAGER, EMPLOYEES OR CLIENTELE. Excellent opportunity to buy a well established restaurant with long term successful history here in Wilmington and have the opportunity to buy the real estate or just a lease
back the suites. Olympia has served the Wilmington community since 1994 and the owners are ready to retire. Oleander Drive has become the next area for commercial growth in Wilmington with this location providing excellent visibility and traffic counts. With the purchase of the business at $165,000 (owner financing is an option depending on the buyer's financial credit/strength), the buyer can lease the real estate for $4,500/month NNN or purchase the real estate at a price to be determined through the negotiation process.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
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

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,485 63,294 137,901
Median Age: 34.28 35.94 37.33
Households: 2,641 27,032 59,096
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