Well Established Upscale Indian Restaurant

Wake County, NC
Authentic Indian Cuisine
Asking Price:$450,000
Gross Revenue:$751,000
Rent:$10,000/Month
Established Year:2014
Cash Flow:$228,000
Inventory:$25,000
FF&E:$45,000
BUSINESS DESCRIPTION

This High End Indian restaurant has been recently renovated and has a chic, contemporary vibe. The restaurant has been rebranded and is catering to a much larger population. With almost 4000 square feet of space on 2 levels, plus the opportunity to use the second level for event space.

Located in a vibrant open air shopping center near major office parks, hospitals, theaters, residential housing, with a new 600 bed hotel planned nearby for 2024 enabling the restaurant’s revenue continue to grow.

There’s room for growth with alcohol sales with the bar back to it’s original concept, and increased hours of operation, and with this prime location you do not want to pass up this exciting opportunity.


DETAILED INFORMATION
Location
Wake County, NC
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
4,000
Lease Expiration
01/01/2031
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Fabulous Location, Excellent Profit Margins,Renovated Contemporary Restaurant Space, Loyal customer base, Winners of various culinary awards, Kitchen has been fully equipped with hoods and grease traps, large Cool Room and Freezer Room. $5,000 available for a full range at completion. Second Level with Seating for 50. Perfect for Events. Originally there was a working bar, with an easy conversion, the bar could be up and running ready to carry beer, liquor and wine.
Competition
None in the immediate vanity
Growth & Expansion
The area is having a massive explosion of the new homes, offices, hospitals and a large 600 room hotel.
Support & Training
Two weeks or longer with the owners if required.
Reason for Selling
They have other business Interests
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Rory McDermott
MG Business Brokers
Rory McDermott