Established And Profitable Restaurant in Fantastic Location Reduced!

Summary Information

Internal ID:
Price:
Total Sales:

Seller Discretionary Earnings:
FF&E:

Industry:
Year Established:

Days and Hours of Operation:
Reason for Sale:
Listing Status:

REST12

$299,000

$445,426

$73,006
$85,200

Restaurant and Food
2014

Mon – Sat: 7am – 2pm, Sunday, 8am – 2pm.
Health Issues
Active

Summary

Description:

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.

Competition:

With many competitors in the market area, this business thrives on the basis of quality, service and price.

Growth and Expansion:

There is plenty of room for growth, especially in this fast-growing market, with the addition of evening hours.

Location

Location:

Facilities Type:

Monthly Rent:

Building Square Feet:
Facilities Description:

Iredell County, NC

Strip Center

$2,400

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.

Labor

Full-time Employees:
Part-time Employees:

5
5

Support and Training

Owner qualifications:

Knowledge of food service preparation for restaurants, basic knowledge of short-order cook, restaurant management, basic bookkeeping, employee management.

LISTING BROKER

Joe Vagnone

Joe Vagnone
REAL ESTATE TRANSACTION HANDLED BY

2009 Caminos Drive
Raleigh, NC 27607

Summary Information

Internal ID: REST12
Price: $299,000
Total Sales: $445,426

Seller Discretionary Earnings: $73,006
FF&E: $85,200

Industry: Restaurant and Food
Year Established: 2014

Days and Hours of Operation: Mon – Sat: 7am – 2pm, Sunday, 8am – 2pm.
Reason for Sale: Health Issues
Listing Status: Active

Summary

Description:

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.

Competition:

With many competitors in the market area, this business thrives on the basis of quality, service and price.


Growth and Expansion:

There is plenty of room for growth, especially in this fast-growing market, with the addition of evening hours.

Location

Location: Iredell County, NC

Facilities Type: Strip Center

Monthly Rent: $2,400

Building Square Feet: 1200
Facilities Description:

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.

Labor

Full-time Employees: 5
Part-time Employees: 5

Support and Training

Owner qualifications:

Knowledge of food service preparation for restaurants, basic knowledge of short-order cook, restaurant management, basic bookkeeping, employee management.

LISTING BROKER

Joe Vagnone

Joe Vagnone
REAL ESTATE TRANSACTION HANDLED BY

2009 Caminos Drive
Raleigh, NC 27607