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Asheville Area Restaurant For Sale - Business For Sale

Asheville, North Carolina, United States

Listing: 2634 | Ref: Unspecified | Agent: 135
Asking Price: USD $90,000.00
Gross Income: USD $325,000.00
Cash Flow: USD $50,000.00
Fixtures & Fittings: USD $35,000.00
Stock & Inventory: USD $1,000.00
Owner Financing: Yes
Finance Available: small note to experienced buyer, make offer
Year Established: 4 years
Trading Hours: Lunch & Dinner, you can have any hours you want.
Employees: 7
Terms of Sale: Assets Only
No Images Available

Business Description

Very nice 70 seat Restaurant in the north Asheville area. There is plenty of parking. Nice Kitchen. This Established Restaurant which could be anything...breakfast and lunch, or lunch & diner as it is now. The Restaurant is on the major roadway through the area and the current owner has been growing the business for four years. The seller is 72 & wants to retire. The Chef & employees want to keep their jobs and are making a decent living at this business because it is a popular place for the locals as well as draws people from a distance because of the great dinner menu. Asheville is a destination town with many customers coming from all over the country. The seller may carry a small note to a qualified buyer who has experience running and managing a restaurant. This is a free standing building, old fashion design 1929 lodge type building. The landlord is great & helps repair almost anything. There is 20 cabins & rentals behind the property which brings extra business. Also, 16000 cars a day at 40 miles an hour. Owner is also a Chef but because of health reasons, does not work the kitchen.

Detailed Information

Expansion Potential: Should continue to grow...the area is growing.

Competition & Market Info: unique restaurant.

Reasons for Sale: age 82, retirement

Support & Training: 30 days for free

Real Estate Information

Property Type: Leasehold

Lease Terms: 2250

Leasehold Rent: Undisclosed

Location: stand alone building

Premises Details: Very nice 70 seat Restaurant in the north Asheville area. There is plenty of parking. Nice Kitchen. This Established Restaurant which could be anything...breakfast and lunch, or lunch & diner as it is now. The Restaurant is on the major roadway through the area and the current owner has been growing the business for four years. The seller is 72 & wants to retire. The Chef & employees want to keep their jobs and are making a decent living at this business because it is a popular place for the locals as well as draws people from a distance because of the great dinner menu. Asheville is a destination town with many customers coming from all over the country. The seller may carry a small note to a qualified buyer who has experience running and managing a restaurant. This is a free standing building, old fashion design 1929 lodge type building. The landlord is great & helps repair almost anything. There is 20 cabins & rentals behind the property which brings extra business. Also, 16000 cars a day at 40 miles an hour. Owner is also a Chef but because of health reasons, does not work the kitchen.

Size (Sq m or ft): 2000

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