HIGHLY Profitable Italian rest/bar N. Raleigh
HIGHLY Profitable Italian rest/bar N. Raleigh
Property for Lease
North Raleigh, NC
| Price: | $ 895,000 |
| Space Size: | 4,400 SF |
| Monthly Rent: | $ 7,200 |
| Property Type: | Retail |
| EBITDA: | $ 400,000 |
| Gross Revenue: | $ 1,700,000 |
Description:
Exceptional Highly profitable N. Raleigh/Midtown Italian restaurant/bar. Established 2008.
Sales of $1.7M and owner reports net income of $400K/year
4,400 ft2 with favorable rent of $7200/mo
9 years remaining
Confidential Listing – contact Broker for more information.
Location:Raleigh, NC
Inventory:Not included in asking price
Real Estate:Leased
Building SF:4,200
Lease Expiration:2/27/2029
Employees:20
Facilities:Beautiful build out, dining and bar.
Competition:Exceptional N. Raleigh demographics. Huge traffic count and excellent visibility.
Financing:Considered for qualified buyer
Support & Training:Seller will provide reasonable training.
Reason for Selling:Health
Additional Information:
| Year Established: | 2007 |
| Number of Employees: | 20 |
| Lease End Date: | February 27, 2027 |