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RA3501

Established Profitable Raleigh Restaurant

Business for Sale

Raleigh, NC 27613

Price: $ 749,000
Space Size: 3,700 SF
Rent (SF/Yr): $ 19.46
Monthly Rent: $ 6,000
Property Type: Retail

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Description:

This Successful Raleigh restaurant is offered for lease, with the purchase of the ongoing business, equipment, furnishings, name and other assets at an asking price of $749,000.00, which does not include purchase of land and building.

Boyd & Associates proudly offer this mainstay N. Raleigh restaurant which features quality Pizza and other Italian dishes along with a beautiful bar, for dine-in or take-out, and with a substantial catering component.

This 3,700ft2 restaurant with base rent at approx. $6,000/mo. has enjoyed its popularity since 2003, and continues to produce over $1.2M/year in sales and approximately $230K/year in cashflow to the absentee owners after management salaries. Owners are selling to retire.

The assignable lease will continue until 2020 and has two additional five year renewal options afterwards.

Confidential listing will require interested parties to complete nondisclosure agreement found on brokers website to request further information or arrange showing. Photos may not depict actual location.

Just off major intersection of Glenwood Avenue and Millbrook in N. Raleigh with 46,000 vpd traffic and visibility from Glenwood Ave.

Additional Information:

Listing ID: RA3501
County: Wake
Lease End Date: January 1, 2020