Asheville

Listing ID: AVL0201
Asking Price: $998,000
Sq. Ft.: 9500
Total Revenue: $2,103,553
Cash Flow: 325402
Rent: $0
Available Financing:

Located on Main Street in a growing city in Western North Carolina this business has been in operation for thirty years. The current owners have run the business for 22 successful years and are ready to hand off the ownership and pursue other endeavors. With sales over 2 million and an extremely strong cash flow this historic business is set up for the experienced business person to take control and operate a restaurant as an administrative owner. With a strong core management team in place allows the current owner to work approximately 25 to 30 hours a week overseeing accounting and ordering. The approximately 140 seat 4500 sf restaurant has an additional 5000 sf prep, storage, and office area in the lower level of the historic building. In this growing city, the location on Main street has a strong local following and steady tourist traffic throughout the year showing in a solid post pandemic bounce back in sales and profits. Current NNN lease is annually $82,365.00, buyer to obtain new lease during due diligence period.

Purchase price $998,000.00


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