Fully Equipped 2,881 SF Restaurant - Raleigh NC State Corridor
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Fully equipped, operating restaurant available in one of Raleigh's densest daytime-and-evening corridors, minutes from NC State University. This is a turnkey operation, not a shell. Hood, grease trap, walk-in cooler and a complete cook line are in place and running today. Replicating this build from a vanilla box means six to nine months of permitting and construction and well over the asking price in capital.
THE OPPORTUNITY FOR AN OPERATOR
The permitted use under the lease is "full service restaurant" - not a specific cuisine. A buyer is free to bring their own concept, brand and menu and keep the equipment in place. The kitchen is currently configured for Indian cuisine (tandoor, dosa griddle, commercial wet grinder), which is a head start for a similar concept, but nothing requires it stay that way.
THE SPACE
+/-2,881 SF in a grocery-anchored neighborhood center with a pharmacy, convenience store, a state DMV office, a discount retailer and a national parcel franchise. The DMV alone generates steady weekday daytime traffic most neighborhood centers don't have. Approximately 87 seats inside plus outdoor seating in front of the storefront.
THE LEASE
Roughly four years and eight months of term remaining, plus one five-year renewal option. Base rent $6,255/month, all-in occupancy approximately $7,600/month with TICAM. Landlord is an institutional retail owner-operator; buyer approval is required and this suite has previously traded as a business sale with the landlord's cooperation.
THE OPERATION
Currently absentee-managed. Two experienced partners run the floor on payroll and have indicated they would stay for a buyer who wants continuity. Roughly half of sales run through online ordering and third-party delivery, with an established delivery footprint.
Financial detail, the full equipment schedule and the lease abstract are available to qualified buyers upon execution of a confidentiality agreement and proof of funds.
Please do not visit the business or contact staff. The employees and customers are not aware of the sale.
THE OPPORTUNITY FOR AN OPERATOR
The permitted use under the lease is "full service restaurant" - not a specific cuisine. A buyer is free to bring their own concept, brand and menu and keep the equipment in place. The kitchen is currently configured for Indian cuisine (tandoor, dosa griddle, commercial wet grinder), which is a head start for a similar concept, but nothing requires it stay that way.
THE SPACE
+/-2,881 SF in a grocery-anchored neighborhood center with a pharmacy, convenience store, a state DMV office, a discount retailer and a national parcel franchise. The DMV alone generates steady weekday daytime traffic most neighborhood centers don't have. Approximately 87 seats inside plus outdoor seating in front of the storefront.
THE LEASE
Roughly four years and eight months of term remaining, plus one five-year renewal option. Base rent $6,255/month, all-in occupancy approximately $7,600/month with TICAM. Landlord is an institutional retail owner-operator; buyer approval is required and this suite has previously traded as a business sale with the landlord's cooperation.
THE OPERATION
Currently absentee-managed. Two experienced partners run the floor on payroll and have indicated they would stay for a buyer who wants continuity. Roughly half of sales run through online ordering and third-party delivery, with an established delivery footprint.
Financial detail, the full equipment schedule and the lease abstract are available to qualified buyers upon execution of a confidentiality agreement and proof of funds.
Please do not visit the business or contact staff. The employees and customers are not aware of the sale.
About the Business
- Years in Operation
- 5
- Facilities & Assets
- +/-2,881 SF in-line retail space with storefront frontage. Approximately 87 seats inside plus outdoor patio seating. Full commercial kitchen: exhaust hood, grease trap, walk-in cooler, two 6-eye ranges with ovens, tandoor, flat griddle, two-basket fryer, stock pot burner, two sandwich prep units, multiple freezers, commercial ice machine, three-compartment and prep sinks, and a large commercial wet grinder. Front of house includes five booths, seventeen tables, five televisions and a full POS system with kitchen display and handheld. Ten-camera security system throughout. Complete equipment schedule - 70 line items, 173 pieces - provided to qualified buyers. Roughly four years and eight months of lease term remaining plus one five-year renewal option.
- Market Outlook / Competition
- Located in an established, high-density trade area anchored by a major grocer and serving a large university population year-round. The center includes a pharmacy, a convenience store, a state DMV office, a discount retailer and a national parcel franchise; the DMV alone generates steady weekday daytime traffic most neighborhood centers do not have. The existing concept has operated here since 2021 with a built delivery channel. A buyer bringing a differentiated concept has an unusually strong equipment and infrastructure head start relative to anyone opening from a shell in this corridor.
- Opportunities for Growth
- The business is currently run by an absentee owner on a single shift. A working owner-operator has clear upside in extended hours, a second daypart, and more active management of the online and delivery channels. Roughly half of sales run through online ordering and third-party delivery today. The kitchen has capacity well beyond current volume, and the permitted use under the lease is full service restaurant rather than a specific cuisine, so a buyer is free to rebrand.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,881
- Rent
- $7,600 per month
About the Sale
- Seller Motivation
- Owner has other business commitments and cannot give it the time it needs.
- Transition Support
- Seller will provide a reasonable transition period. Two experienced partners currently run daily operations and have indicated a willingness to stay on for a buyer who wants continuity. Buyer is responsible for their own licensing, permits, menu and concept setup. Landlord approval of the buyer is required.
- Financing Options
- Cash or buyer-arranged financing. No seller financing. Landlord approval required.
Listing Info
- ID
- 2553317
- Listing Views
Listing ID: 2553317 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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