Southern Country Restaurant with Over 1 Million in Sales and Real Esta

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Asking Price:
$575,000

Gross Revenue:
$1,095,953
Cash Flow:
$93,506
(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

Booming country Restaurant for sale with Real Estate included. Seller experiencing over a million in sales year after year with little to no competition around. Own the restaurant, real estate, and the market share!!
This country restaurant for sale has been in business for over 20 years. Seller has established an iconic restaurant in a community that thrives off this establishment. Locals describe it as a "staple" place to eat in the entire county. Little to no competition around and pulling customers in from around the county for more than 5 miles away. Not only does the business go in this sale, but also the real estate as well.
Let We Sell Restaurants help you become your own landlord! When you purchase this restaurant for sale, you also get the land, building and growing business! In 2018 sales came in at over $1,095,000 and growing. Catering business alone is rapidly growing and feeding groups in the hundreds. Seller is retiring and ready to move on. Take advantage of the seller's years of hard work and expand even more. Seller is experiencing an owner benefit of over $93,000 per year.
If you are from South you know restaurants for sale like these are extremely popular. Famous dishes like Barbeque, seafood, burgers, chicken, slaw and much much more. Hush puppies are a local favorite. This kitchen can handle any volume with plenty of equipment to change or expand the menu. From a smoker, walk-in cooler, walk-in freezer, deep fryers, grills, ovens, and plenty more to keep your business growing.
The building itself has been kept in fantastic shape for a business that is 20 plus years old. An abundance of parking and the property fronts the main road with plenty of visibility for every car that drives by. This County has experienced major growth with many new home builders and businesses coming to the area. Located just outside of Charlotte, the growth will not slow down any time soon.
This Southern Gem will not last long. Bring your offer and keeps those sales rolling in year after year with this restaurant for sale.

About the Business

Location:
Lincoln County, North Carolina
Year Established:
1998
Number of Employees:
22
Real Estate:
Owned
Building Sq. Ft.:
2,500
Facilities:
Office Desk Office computer Office printer Camera System 1 TV 9 Dining tables 40 Dining chairs 3 Benches 1 Slushy Machine 2 Registers 1 Three foot ss table 1 two foot ss table 1 SS push cart Hostess stand 1 six foot ss table with backsplash 4 deep fryers 10 foot hood system 1 flattop grill 1 oven with grill top 3 five foot ss table 1 single compartment sink wire shelving 1 three compartment sink misc utensils 3 six foot ss table 1 Upright reach in cooler 1 steamer 1 warmer 1 three foot ss table 1 biscuit warmer 1 four foot deli table 1 two door reach in cooler 1 single door reach in cooler 1 microwave 1 two door glass cooler 1 three door reach in freezer 1 ice machine 1 ice bin 1 meat slicer 1 warming cabinet 1 grease filter machine 1 meat smoker 1 doublestack convection oven 6 sets of wire storage shelving 1 walk in cooler 1 walk in freezer 1 exterior storage bin 1 five compartment warming well 1 four foot ss table 1 four foot ss table with backsplash 1 eight foot ss table
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 Charlotte is the number 2 metro in the US for economic growth
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About the Sale

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

Listing Info

ID:
1624575
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

U.S. Census Data for Lincoln County, NC
Age

Gender

Ethnicity

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

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Lincoln County, NC
Income

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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