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Overview

Restaurant and Food

Established And Profitable Restaurant in Fantastic Location Reduced!

Price: $299,000

Listing ID: REST12

Year Established: 2014

Annual Sales: $445,426

Seller Discretionary Earnings: $73,006

FF&E: $85,200

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

Full-time Employees: 5

Part-Time Employees: 5

Reason For Sale: Health Issues

Limited Seller Financing: The seller will consider some financing to the right, qualified buyer.

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 & Expansion Opportunities:

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

Owner Qualifications:

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

Support & Training:

Seller will train a new owner. Length of time is negotiable.

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Joe Vagnone

Senior Broker – Charlotte, NC

Office: (919) 341-1100

Cell: (704) 577-8030

Contact Listing Broker

Terms & Conditions*

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Real Estate Transaction Handled by

2009 Caminos Drive, Raleigh, NC 27607

Real estate agent's disclosure Form

Location: Iredell County, NC

Facilities Type: Strip Center

Monthly Rent: $2,400

Building Square Feet: 1,200

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.
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