Rare Opportunity - Heart of Asheville

Asking Price$1,495,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$2,721,221

Inventory$25,000
Not included in asking price
FF&ENot Disclosed

Real Estate$750,000
Not included in asking price
listing imageSave

Rare Opportunity - Heart of Asheville


Asking Price$1,495,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$2,721,221

Inventory$25,000
Not included in asking price
FF&ENot Disclosed

Real Estate$750,000
Not included in asking price
Business Description
This place is special
Step into ownership of a long-standing downtown Asheville favorite with a proven 20-year track record and the financials serious operators look for.

This highly profitable restaurant generates $2.7M in annual sales and is built on an efficient labor model with just 32% labor cost, delivering strong margins in one of the Southeast’s most sought-after food scenes.

This opportunity offers prime downtown location at the center of Asheville’s dining and nightlife corridor

3,500 Square Feet of dining and kitchen space with exceptionally low rent at $7,500/month

Real estate purchase option available (terms negotiated separately)

Turnkey, full-scale production kitchen

Two 8-foot hoods

8x10 walk-in cooler

Secondary prep kitchen, fully-equipped with 8-foot hood, sinks, tables and 4x8 walk-in

Attractive dining layout with 50 traditional seats (mix of 2-tops and 4-tops) and seating for 12 at high-top bar tables

Stunning bar with 20 seats, beautifully finished and guest-ready

Investment opportunity Ideal for:

Experienced restaurateurs seeking a cash-flowing flagship location

Multi-unit operators expanding into Asheville

Owner-operators looking for a proven concept with upside

Investors interested in a business + potential real estate play

Opportunities like this—profitable, established, and centrally located—rarely come to market in downtown Asheville.
Full financial report package available for qualified buyers. Signed NDA and minimum 5-years restaurant ownership experience required.
About the Business
Years in Operation
26
Employees
10 (5 Full-time, 5 Part-time)
Facilities & Assets
See attached Asset Inventory document
Market Outlook / Competition
Asheville and Buncombe County are major tourism drivers in Western North Carolina. In 2023, visitors generated nearly $3 billion in spending, accounting for about 20% of the local economy—with roughly 70% of that outside lodging (e.g., restaurants, breweries, retail, entertainment) and 30% in lodging.
Opportunities for Growth
This business is built for growth

Currently open six evenings only (5–9 PM), this operation offers a clear and immediate upside. Adding lunch and/or brunch service presents a compelling opportunity to significantly increase revenue without expanding footprint or overhead.
Real Estate
Owned or Leased
Owned
Not included in asking price
About the Sale
Seller Motivation
Seller is retiring from the restaurant business to after many successful decades
Transition Support
Seller will provide minimum two weeks collaboration with new owners to insure seamless transition.
Listing Info
ID
2460059
Listing Views
123
Attached DocumentsAttachment Disclaimer

DTAVLAssetList.doc


Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Business Listed by: George Buell National Restaurant Properties

Listing ID: 2460059 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.