SOLD - Partners Have Sold Their Half Share in a Restaurant

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Premium Food Restaurant SALE PENDING
Asking Price:
$27,500

Gross Revenue:
$100,000
Cash Flow:
$7,000
EBITDA:
$11,500
Inventory:
$3,000
included in asking price

FF&E:
$40,000
included in asking price

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Business Description

The restaurant has four partners, two of which are retiring and wish to sale their share. Hence, the above sale price is for their 50% interest in one of Southport's most attractive restaurant opportunities. . However, the rest of the financial data is for the entire restaurant.

The restaurant is located on a main street in the coastal town of Southport, NC. It has excellent traffic, both car- & foot-traffic and has an outstanding reputation for friendly service and high-quality food (burgers, hot dog and sides). Please review their excellent customer comments in YELP and Trip Advisor.

All the equipment is less than than 2 year old and is still under its manufacturer's warranty. Currently, the restaurant only serves lunch however it is equipped to serve breakfast and dinner as well.

About the Business

Year Established:
2017
Number of Employees:
3
Real Estate:
Leased
Building Sq. Ft.:
400
Lease Amount/Mo.:
$700.00
Lease Expiration:
4/30/2020
Facilities:
Restaurant equipment includes 2-Freezers, 1-Refrigerator, 1-Hood, 1- Gas Grill with 3 Burners, 1 Pantry with 12 Bins, 1-French Fryer Drop, 1-French Fryer Freezer, 3-Sinks, 1 Washout Sink (outside), 3 Bar Stools, 4 Bench Tables with 4 matching umbrellas, 1 Picnic Table with 4 matching chairs, 1 Cash Register, 1 Tent
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About the Sale

Reason For Selling:
Retiring
Training/Support:
Negotiable
Seller Financing:
N/A

Listing Info

ID:
1397312
Ad Detail Views:
1107

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Business Listed by
Ed Lewis

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U.S. Census Data for Brunswick 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 Brunswick 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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