Limited Investment on Unlimited Potential in Burlington! This Restaurant for Sale is located less than two miles from Elon University in a busy shopping center. Affordable Lease rate under $2,500 is a rare find in this market! Seller has agreed to a low price of just $125,000 for a quick sale. Beer/Wine License in Place!
Established for seventeen years, this Burlington Restaurant for Sale has garnered a loyal following spanning nearly two decades. While presently operating on limited hours, a new owner can seize the opportunity to expand business hours, unlocking the full potential for increased revenue.
This Restaurant for Sale offered by We Sell Restaurants has a prime location that is a traffic magnet, nestled in a bustling shopping center within a mere two-mile radius of Elon University. Burlington itself is experiencing a surge in business and population growth, making it the ideal spot for your culinary vision.
Our dedicated team at We Sell Restaurants is thrilled to present this remarkable opportunity. It's your chance to acquire an existing Restaurant for Sale with all the essential infrastructure and equipment in place. Priced at just $125,000, this represents an extraordinary deal compared to the costs of starting from scratch.
Current annual sales hover around $150,000 at this Restaurant for Sale, yet this figure is constrained by the restaurant's limited operating hours. With an involved owner ready to extend those hours, the potential for profit is limitless.
This Restaurant for Sale spans 2,000 square feet and accommodates 62 guests indoors. The lease, all-inclusive with CAMS and taxes, comes to a mere $2,200, well below the market rate for the area.
Upon taking the reins of this Restaurant for Sale, you can let your creativity run wild, innovating with new offerings or preserving the beloved classics.
Adding to its appeal, this Restaurant for Sale is licensed to serve beer and wine, with the potential to expand into liquor sales. Rest assured, all recipes will be seamlessly transferred to the new owner, ensuring a smooth transition.
For those with a credit score of 680 or higher, unsecured lending opportunities are available to assist you in making this dream a reality. Contact us today to connect with our network of lending resources. Seize this opportunity and make this Burlington Restaurant for Sale your culinary canvas!
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Lease Term: Expires 2028 with Options Remaining
Monthly Rent: $2200,
Indoor Seating: 62
Inside Sq. Ft: 2000,
Hood System: Yes
Hours Open: 5pm- 8:30pm Wed - Sat 11:30am - 8:30pm Sunday
# of Part-Time Employees: 1
# of Full-Time Employees: 1
Net Sales: $150000.00