Motivated Sellers - Specialty Restaurant Sale including Real Estate

Wilmington, DE
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Asking Price:$425,000
Real Estate:$255,000
Gross Revenue:$240,000
Established Year:1995
BUSINESS DESCRIPTION

Terra Cafe is nestled among many buildings in a historic district along the main corridor of downtown Wilmington. This sit-down restaurant offers 1,476 +/- square feet of space and has the potential to be converted into a deli and sandwich shop. It currently serves lunch Monday through Thursday, primarily catering to downtown law firms, banks, and other local businesses, with many customers walking in to dine or pick up lunch. To receive location and pertinent information, please complete a non-disclosure agreement with LMT Commercial Realty LLC.

The kitchen is fully equipped to handle all cooking tasks, and the restaurant features 32 seats at tables. A new owner could also expand operations by offering breakfast and early dinner, as well as apply for a license to serve alcoholic beverages with the OABCC.


ATTACHED DOCUMENTS
LMT Commercial NDA.doc Download

DETAILED INFORMATION
Location
Wilmington, DE
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Employees
2
Facilities
Fully loaded kitchen, 32 seats at tables, no bar or alcoholic beverages currently sold at the restaurant.
Competition
Restaurant is located in the historic district on the main corridor in downtown Wilmington and there are a number of restaurants serving all cultures, cuisines, to satisfy the customers in the area.
Growth & Expansion
The restaurant is only open a minimum of hours during the week, serving lunch. The new owner could expand the menu by serving breakfast, brunch, and early dinner, as well as offering delivery. Additionally, they could consider extending the days open and hours of operation to better accommodate customers and increase sales. Also, the new owner can apply for a liquor license to serve alcoholic beverages.
Support & Training
Sellers will work with new buyer two-weeks after settlement.
Reason for Selling
The sellers have operated restaurants all their adult life with great passion an

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Joseph
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Joseph Latina