Overview

Restaurant and Food

Established And Profitable Restaurant in Fantastic Location Reduced!

Price: $299,000

Listing ID: REST12

Annual Sales: $445,426

FF&E: $85,200

Seller Discretionary Earnings: $73,006

Year Established: 2014

Days & Hours of Operation: Mon – Sat: 7am – 2pm, Sunday, 8am – 2pm.

Reason For Sale: Health Issues

Listing Status: Active

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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 & Expansion:

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