Iconic Charlotte Cafe For Sale - Owner Benefit of Six Figures

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Asking Price:
$359,000

Gross Revenue:
$1,877,137
Cash Flow:
$156,296
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed
included in asking price

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Business Description

Iconic Charlotte Cafe for Sale producing Six Figure Owner Benefit on Nearly 1.8 Million in Sales
Rare opportunity to acquire a highly profitable cafe for sale with an opportunity for other locations. Operating cafe for sale has management in place ensuring a smooth transition for a new owner. Located in a high traffic center.
This award-winning and highly profitable iconic Charlotte cafe for sale, offered by We Sell Restaurants, generates over $1.8 Million in annual sales and an Owner Benefit of over $156,000. Online reviews reflect a reputation for being the best in Charlotte. Operating for close to a decade serving up delicious cuisine has won them multiple awards including Diners Choice - Open Table, Trip Advisor Certificate of Excellence and more.
Located in booming Charlotte, the number 2 Metro in America for economic growth. The Decor is cozy and warm creating a relaxing environment. Assumable lease at the cafe for sale include with 2 additional 5-year options. As a percent of sales, total rent comes in less than 10% contributing to the stellar performance. The size of the cafe for sale is 3007 square feet. Seating capacity is 125. A site for a 2nd business has been located and a lease has been negotiated, giving a new owner the ability to continue to grow this successful brand. The 2nd site lease assignment is an opportunity, but is not required for the purchase of the existing cafe for sale.
Full training and recipes for the new owner along with existing management in place will ensure a smooth and successful transition.
Minimum proof of funds /liquidity to learn the name, addresses and review financial data is $100,000. If you meet the financial threshold and have the drive and experience to own and run a successful cafe for sale, please contact your Certified Restaurant Broker.

About the Business

Location:
Charlotte, North Carolina
Year Established:
2009
Number of Employees:
46
Real Estate:
Owned
Building Sq. Ft.:
3,007
Facilities:
Detailed List to be Provided upon Request
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
Charlotte has seen the job market increase by 3 5 over the last year Future job growth over the next ten years is predicted to be 42 5 which is higher than the US average of 38 0
Growth & Expansion:
Charlotte is the number 2 metro in the US for economic growth
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About the Sale

Reason For Selling:
Other
Training/Support:
Yes

Listing Info

ID:
1567346
Ad Detail Views:
78

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Business Listed by

Justin Scotto

We Sell Restaurants

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Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152

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

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

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