Extremely Profitable Restaurant SBA 7a (PQ) 2019 Revenue up 20+%

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Tremendous growth, exceptional books, great location and outstanding goodwill!
Asking Price:
$1,100,000

Gross Revenue:
$1,510,159
Cash Flow:
$367,438
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$40,000
not included in asking price

FF&E:
$85,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

For more than 10 years this iconic Wake County restaurant has garnered local and national award winning attention. Long lines and nearly 800 Google reviews attests to the great food and wonderful customer service.

The numbers don't lie for this business. Since opening their doors the revenues continue to skyrocket with no signs of slowing down. The 2019 numbers are already significantly higher than 2018. The owners are currently expanding the kitchen and seating capacity to make room for continued growth.

Each week guests from around the country visit for the experience and post pictures on social media. Rain or shine customers arrive early and form lines before the doors are opened to assure themselves a seat.

The owners are also willing to sell their multi-tenant property with 10,080 sq feet. Other tenants lease in this property filling it near capacity.

About the Business

Location:
Wake County, North Carolina
Year Established:
2009
Number of Employees:
27
Facilities:
For 10 years the owners have been committed to serving only the finest foods, made with the freshest ingredients. All of their meals are made to order, no heat lamps used.
Growth & Expansion:
1. Kitchen Expansion and Adding Seat Capacity - The current owners are getting permits to increase kitchen size and seating capacity.
2. Raise Menu Pricing - Recently the owners visited several similar restaurants on vacation. They discovered their prices were significantly lower and they raised their prices to gain even better margin.
3. Extended Hours - The restaurant could open on Mondays and extend hours on Sundays.
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About the Sale

Reason For Selling:
retiring
Training/Support:
2 weeks

Listing Info

ID:
1633731
Ad Detail Views:
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Business Listed by

Tina Wright, MBA

Transworld Business Advisors

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