Listing Number: 32661-111215
Description
This is an Excellent Opportunity at a very low price!
Located in Polk County, the restaurant is located in a beautiful NC Town with an elegant feel and has an excellent reputation. The owner currently manages the restaurant and has staff in place for cooking and serving Gourmet Breakfast, Delicious Lunch, and an Exquisite Dinner with Wine are features of this business, and the customers love it all. Enjoy serving both Locals and Travelers who come to the area just for the food. The Retirees in the community know how to dine well, and will spend great money to enjoy the Authentic Cuisine and Fine Wines.
The owner of the restaurant is currently managing more than one business and reduced the hours of the business in January of 2023 in order to compensate. This has reduced the profitability of the business as several key hours of business are currently not in operation.
Previously, this business had a net earnings of over $300,000 in 2021 and 2022, and has the potential to return to this level with the right owner devoting full attention to the business, and opening during normal restaurant hours.
The operating equipment is in good working order, and the restaurant decor and feel was recently updated.
The owner's intention is to relinquish ownership of this location to pursue other opportunities, including relocation.
This business has shown massive historical profits and can easily continue to grow with an owner who can devote their full attention to the business.
Listing Details
- Price: $ 125,000
- Down Payment: $100,000
- Sellers Discretionary Earnings: $ 323,798
- Total Sales: $ 1,057,018
- Location: Polk County, North Carolina
- Inventory: $ 6,000
- FF&E: $ 29,440
- Employees: 6
- Year Established: 2019
- Reason for Selling: Other Business Opportunity
- Category: Restaurants
