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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

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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