Downtown Wendell restaurant/bar - local favorite for sale
Wendell, NC
| Asking Price: | $60,000 |
| Gross Revenue: | $480,000 |
| Rent: | $3,347.5/Month |
| Established Year: | 2022 |
| Cash Flow: | $4,000 |
| Inventory: | $7,000 |
| FF&E: | $15,000 |
Listing ID: 2275453Listing provided by BizBuySell
BUSINESS DESCRIPTION
American Restaurant for sale
Hometown restaurant for sale. Established business with solid customers base. $40K-$50K/mth in sales. Comes with all furniture & fixtures, fully staffed & equipment. Turn key business. Asking $60K
DETAILED INFORMATION
Location
Wendell, NC
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,800
Lease Expiration
15/12/2025
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Includes all furniture, fixtures & equipment. Any existing inventory.
Competition
Small Town with minimal competition. Only one of three area restaurants/bars with liquor available.
Growth & Expansion
This concept could easily be franchised with the right funding and staff. The area is growing rapidly. Wendell Falls Community is only 3.5 miles away & has a very large population and is continuing to expand. Multiple other communities being developed with a 5 mile radius. Has potential to do very well with an owner/manager that loves food & wants to expand upon the present kitchen.
Financing
$30,000 down finance $30,000 over course of lease w/ 7.5% interest rate
Support & Training
I, the owner, will stay on for a minimal fee for 5 weeks of training for new owner. Staff will include 2 managers
Reason for Selling
Other opportunity has presented itself that will require my attention.
Franchise
This business is an established franchise
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