Established Home Cookin' Restaurant in Business 44 Years

Brunswick County, NC

Seller Financing Available

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Asking Price:$425,000
Gross Revenue:$550,000
Cash Flow:$110,000
Established Year:1980
BUSINESS DESCRIPTION

Tremendous Upside, Some Seller Financing Available

This is an excellent opportunity to own and operate a deeply established, regionally famous restaurant in business for 44 years. Located along a busy corridor in the Wilmington MSA, this restaurant enjoys an immense, multi-generational customer base and good will as well as solidly drawing from the greater region as a destination eatery.

The simple, fast and delicious menu features southern comfort food staples and fresh local seafood. While the customers love the menu offerings, they also provide high levels of ease and efficiency with minimal prep needed for the back of house staff.

There are many areas for increased revenue from adding breakfast, adding days of operation, room for price increases, etc.

All FFE conveys and the landlord is agreeable to extending the lease by five years for a new owner at similar, below market rate terms.

The owner runs all sales through the POS, the financials are the actuals.

Some seller financing is available, subject to offer terms


DETAILED INFORMATION
Location
Brunswick County, NC
Inventory
Not Included in asking price
Real Estate
Leased
Employees
10
Facilities
Leasehold space in a retail strip center.
Competition
This restaurant does not experience competition due to its unique position in the community, menu offerings and local feel.
Growth & Expansion
Add days of operation Add breakfast service Price increases
Financing
Seller will offer $100,000 in owner financing with an acceptable offer
Support & Training
Seller will stay on for up to 90 days for training and transition
Reason for Selling
Owner retiring
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Eric Knight
Eric Knight