Mediterranean Restaurant for Sale - $365,000 Owner Benefit!

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Established Location that has been operational for over seven years!
Asking Price:
$775,000

Gross Revenue:
$2,004,322
Cash Flow:
$365,230
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Mediterranean Restaurant for sale Generating over $2,000,000 in sales and producing a very healthy $365,000 in owner benefits. Step into this cash flowing gold mine and become the new owner of a restaurant opportunity like no other! Seller is ready to retire.
Opportunities like this don't come around very often. This Mediterranean restaurant for sale is proving to be one of Charlotte's premier restaurant destinations. Serving customers for many years with sales showing major growth year after year. Very established in the community and word of mouth spreads like wildfire when it comes to this establishment.
Located in a very high traffic shopping center, this Mediterranean Restaurant for sale is extremely elegant upon entering its front doors. Everything from the furniture, built-in bar, to the construction of this beauty is bringing guests in droves. The wine selection alone is one that is unheard of. Wine sales alone are well above $300,000 per year and growing. That tells you when guests come to this Mediterranean Restaurant for sale, they like to spend their money and have no problem doing so. With raving reviews online coupled with everything mention above, We Sell Restaurants call this a virtual goldmine! Situated in a very high traffic area of Charlotte this center sees over 55,000 cars a day go by its front doors. Just within a three-mile radius, there is a population of 78,000 people and a household income of over $105,000. Daytime population is extremely high with many office parks situated within two miles of this Mediterranean Restaurant for sale. All in the rent is $11,886 per month situated in a spacious 4,019 square foot build out.
From steaks, chops, and seafood this Mediterranean Restaurant for sale has some of the finest dishes in Charlotte. From grilled grouper, salmon, and Chilean sea bass are some of its most popular dishes. This restaurant easily handles large parties. The reservation book on this hot spot is booked for weeks and months in advance. Parties of two and higher all day long. Many parties are booked in the ten's, the twenties, and thirty plus crowds. This kitchen is very large and fully equipped to handle any sales volume. No day is a quiet day of sales as this Mediterranean gem is bringing in over $2,000,000 in sales per year.
With an owner benefit this large and a multitude of advantages, this Mediterranean Restaurant for sale will not stay on the market long. Contact the Restaurant Brokers today because this opportunity is gone forever!

About the Business

Location:
Charlotte, North Carolina
Year Established:
2014
Number of Employees:
35
Real Estate:
Leased
Building Sq. Ft.:
4,019
Rent:
$11,896.24 Per Month
Lease Expiration:
10/31/2026
Facilities:
8 patio dining tables 24 patio dining chairs 13 dining tables 46 chairs 6 booth tables 6 booth seating sets 4 Waiting area booths 2 high bar tables 17 bar stools 4 bar booth tables 4 bar booth seating systems 2 TVs 1 hostess counter 1 patio heater 3 POS machines 2 wire storage shelves 2 Bar ice wells 1 beer well cooler 2 ss bar sinks 1 eight foot wine cooler 1 five foot wine cooler 1 reach in cooler 1 ss hand sink 1 eight foot ss table with beverage sink 1 five foot ss table wall shelves Kitchen 1 sixteen foot SS table with shelves 1 two drawer APW warmer 1 six foot SS table 1 five foot SS table 2 two door glass reach in coolers 1 ten foot ss table 2 ss hand sink 8 sets of wire shelving 1 three compartment sink 2 single compartment sinks hood system 1 two foot ss table walk in cooler walk in freezer 1 music system 1 camera system 4 four foot deli tables with cutting boards 3 four foot deli tables 1 eight foot warming table with cutting board 2 stovetop burners 1 grill 1 flattop grill 1 deep fryer 1 two foot ss table 2 ice machines 2 ice bins 1 meat slicer 1 microwave
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:
Key business for expansion and growth Potential to grow into a franchise model
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Seller Will Provide Training

Listing Info

ID:
1636862
Ad Detail Views:
0

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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


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