Family Steak Restaurant in a GREAT LOCATION!

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Unique Opportunity for an Outstanding Brand, Location, and Cash Flow!
Asking Price:
$495,000

Gross Revenue:
$1,458,602
Cash Flow:
$177,672
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

This Family Steak Restaurant has been serving the Charlotte community for over 13 yrs and has built up a very loyal customer base. Looking for serious and experienced buyers of Restaurants only. Seller Financing is available with 60% down.

About the Business

Year Established:
2005
Number of Employees:
26
Real Estate:
Leased
Building Sq. Ft.:
6,400
Lease Rate/Sq. Ft./Mo.:
$15,000.00
Facilities:
Building is approx 6400 sq ft, owner of business owns the building and will offer 10yr triple Net lease to buyer. Asking for $28/ sq ft. Open to selling building to new owner, lease to buy.
Growth & Expansion:
Current owner does no advertising at all. With a little online advertising and other marketing solutions a new owner can see tremendous growth!
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About the Sale

Reason For Selling:
retiring
Training/Support:
2 weeks
Seller Financing:
198000.00

Listing Info

ID:
1539375
Ad Detail Views:
416

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Business Listed by

Karl Culpepper

Transworld Business Advisors of Charlott

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Sponsoring Broker:

Jack Sluiter
Transworld Business Advisors of Charlott
License# 287997

U.S. Census Data for Mecklenburg County, NC
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Mecklenburg County, NC
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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