Profitable Restaurant in the Scenic Mountains of Western North Carolina! Discover an incredible opportunity to own a thriving restaurant in the beautiful Asheville Area. This well-established Restaurant for Sale has generated impressive earnings of $265,000 for an owner-operator, with a remarkable $969,000 in annual sales. With 24 carefully curated craft beers on tap and a coveted beer and wine license, this establishment attracts both locals and tourists alike.
Situated just outside of Buncombe county, this Restaurant for Sale offers the advantage of reduced local taxes, maximizing your profit potential. The Asheville Area has been recognized as one of the top 10 retirement destinations in the United States, making it a prime location for long-term success.
At We Sell Restaurants, we are excited about this opportunity to acquire a restaurant that consistently achieves six-figure earnings and maintains high sales. Financing options are available on this Restaurant for Sale through SBA lending, ensuring a smooth and expedited approval process. With a down payment of 20.00 percent, the remaining balance can be financed over a period of 10 years.
Asheville is renowned as the brewery capital of America, boasting the highest number of breweries per capita. This Restaurant for Sale capitalizes on this thriving industry, offering a unique concept, delectable cuisine, and an impressive selection of local craft brews on tap. By answering the demands of both the local community and tourists, this restaurant has established itself as a beloved destination. By obtaining a full liquor license, a new owner has the opportunity to witness a notable surge in both sales and profits.
Spanning 2,585 square feet, this Restaurant for Sale is ideally located on a bustling road, only 10 miles away from the popular Biltmore estate, which attracts an average of 1.4 million visitors annually. The lease terms have been expertly negotiated, securing a monthly rate of just $3,153.69. The lease is set to expire in 2024, with two five-year renewal options available.
After a successful career in the restaurant industry, the seller is ready to retire and pass the torch to a new owner. They have diligently set up the business for continued prosperity, with fully operational systems in place and the name already trademarked. This paves the way for easier expansion and the opportunity to open additional locations. Furthermore, to facilitate a seamless transition, the seller of this Restaurant for Sale is offering a 30-day training period post-closing.
Don't let this highly profitable Restaurant for Sale slip away in the booming Asheville Area. With tremendous growth potential in the surrounding area, this opportunity is in high demand and will not last long. Act now to secure your future as the owner of this exceptional restaurant!
This is a Certified Pre-Owned Restaurant® the highest standard for restaurant listings. It has been reviewed by a Certified Restaurant Broker® and has verifiable Sellers’ Discretionary Earnings (SDE). It has been listed based on the strictest industry standards and if SBA lending is advertised, the business earnings qualify subject to Lender’s review & approval. The Business Analysis Tool with the latest profit & loss information is available for immediate review by qualified buyers and has been evaluated based on industry guidelines for expense ratios. The equipment in the store transfers free and clear of any liens subject to UCC Lien search by closing agent. If the space is leased, it is available for assignment, extensions, renewal or new agreement for qualified buyers and if the business is a franchise, it meets the criteria for transfer for assignment of the franchise. The acquisition of a Certified Pre-Owned Restaurant® includes the services of a Certified Restaurant Broker® at no cost to the buyer.Please click on the tab below to easily acknowledge confidentiality on this Restaurant for sale. For many business opportunities, you will immediately receive the name, address, photos, and most recent financials. If you have any questions, please contact Certified Restaurant Broker Eric Gagnon at (404) 800-6700
Lease Term: Expires in 2024 with two 5-year Options
Monthly Rent: $3153.69,
Indoor Seating: 99
Inside Sq. Ft: 2585,
Hood System: Yes
Hours Open: wed-sun 11am - 10pm
# of Part-Time Employees: 10
# of Full-Time Employees: 20
Net Sales: $968630.86
Owner Benefit: $265546.77