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Highly Successful VEGAN American DTR Raleigh

Highly Successful VEGAN American DTR Raleigh

Business for Sale

Raleigh, NC

Price: $ 295,000
Space Size: 3,000 SF
Monthly Rent: $ 6,900
Property Type: Retail

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Description:

Business Description

WAS $595K now $295K negotiable.

Highly profitable (pre COVID – closed since March reopening in Sept), Downtown Raleigh American restaurant featuring VEGAN and Vegetarian as well as more tradional dishes! Business does approximately 50% meat proteins and has tons of new equipment!

This business is a Raleigh Tradition, and enjoys sales of $1,500,000 and Seller reports profits of $200,000.

With 3,000ft2 plus generous outside seating, the base rent is only $7,000/mo and lease runs until 2024 with years of renewals available.

Confidential listing – call or email Broker for more information.


Detailed Information

Location:
Raleigh, NC
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
6/1/2024
Employees:
20
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Beautiful outdoor seating streetside.
Competition:
well established within niche. well located with HUGE development going up nearby.
Financing:
Will consider partial owner financing for qualified buyer
Support & Training:
Owner will provide reasonable training.
Reason for Selling:
partnership

Additional Information:

County: Wake
Year Established: 2006
Number of Employees: 20
Lease End Date: June 1, 2024