Prime Location Chapel Hill Restaurant - Retirement Sale

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Own This Cash Flowing Restaurant In Chapel Hill! You Will Love Why This Restaur
Asking Price:
$169,999

Gross Revenue:
$465,500
Cash Flow:
$84,800
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$2,000
included in asking price

FF&E:
$25,000
included in asking price

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Business Description

Located in a busy shopping center, this cafe is 'the' go to eating destination for people seeking vegetarian food for two decades.

Now that the owner is ready to retire, a successor is sought to take advantage of this rare opportunity.

With a great staff, great location, and a strong reputation, this cafe is an incredible business for someone seeking his or her dream cafe in Chapel Hill!

This cafe has four years secured on the lease at a great price to be assigned, a staff of four who would stay with the business, and a long history of sales and earnings.

All furniture, fixture, and equipment needed to run this cafe are included in the sales price, as well as the menu and concept. While it's been run as a vegetarian cafe, a new owner could change the concept if desired.

Financials shown represent a weighted average of the last three years of the recasted tax returns.

Submit an inquiry to immediately receive a Non-Disclosure Agreement; a Confidential Business Review is available after a 2 minute phone call and complete tax returns are available for review after an accepted offer.

Inquire today!

About the Business

Location:
Chapel Hill, North Carolina
Year Established:
2003
Number of Employees:
4
Real Estate:
Leased
Building Sq. Ft.:
1,000
Rent:
$2,300.00 Per Month
Lease Expiration:
5/31/2023
Facilities:
Located in a Shopping Center in Chapel Hill, NC. This is a prime retail center anchored by a Food Lion Supermarket, the center is located in a well-developed area less than one mile from I-40 and services the surrounding residential neighborhoods with a great tenant mix including a hardware store, fitness center and the U.S. Post Office. Multiple entrances provide easy access from two roads with 25K & 13K average vehicles per day. Ample parking!
Growth & Expansion:
The owner has reduced the hours in recent years as she's nearing retirement. Opening more than 5 days per week would immediately increase revenues. Adding menu options could also grow revenues.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
2 weeks included in sale price

Listing Info

ID:
1640457
Ad Detail Views:
0

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Business Listed by

Neal Isaacs, MBA, CBI

VR Business Brokers - Raleigh

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