Established & Profitable Restaurant in Fantastic Location Reduced!
North CarolinaListing DetailsOffice ID: REST12
Listing Broker: Joe Vagnone
Listing Price: $299,000
Gross Revenue: $445,426
Cash Flow: $73,006
FF&E Included: Yes
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:The seller will consider some financing to the right, qualified buyer.
Reason for Sale:Health concerns of the owner.
Training:Seller will train a new owner. Length of time is negotiable.
OperationsYear Established: 2014
Form of Ownership: S Corp
Employees (full-time): 5
Employees (part-time): 5
Business Hours: Mon – Sat: 7 am – 2 pm, Sunday, 8 am – 2 pm.
Your chance to own a Little NY Greek Style Diner down South, already established, with record breaking sales all through the COVID-19 pandemic. Located in the busiest well established strip mall in the heart of Lake Norman, South Iredell County, on the cross road of a major highway and interstate. This area is a busy, rapidly growing area with people continually moving in from all over. All furniture, fixtures, equipment and inventory are here for you to walk in and run with this exploding business with many opportunities for additional growth. The seller has many ideas to share with the new owner on how to even make this little diner better! Unfortunately, with the seller's health issues he is not able to take it where he hoped to. The diner has been in the same location for 7 years with sales increasing every year, including, even record sales, during the pandemic. Inquire today!
Historical Summary:The current owner opened this restaurant in April 2014, and it has continued to flourish since that time.
Knowledge of food service preparation for restaurants, basic knowledge of short-order cook, restaurant management, basic bookkeeping, employee management.
Competition:With many competitors in the market area, this business thrives on the basis of quality, service and price.
Potential Growth:There is plenty of room for growth, especially in this fast-growing market, with the addition of evening hours.
LocationType of Location: Strip Center
Lease Expires: Apr 30, 2022
Monthly Rent: $2,400
Square Footage: 1200
This restaurant is located in South Iredell County, in the heart of the Lake Norman Area in one of the busiest strip centers in the town.
Last Updated: Apr 28, 2021 / 3:58 PM
Financial Information Current As Of: Feb 9, 2021 / 5:18 PM