Established Home Cookin' Restaurant in Business 44 Years
Asking Price: | $425,000 |
Gross Revenue: | $550,000 |
Cash Flow: | $110,000 |
Established Year: | 1980 |
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
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