Landmark Destination Eatery with Solid Cash Flow (#1510)

Revenues:
$3,475,932
Adj. Cash Flow:
$448,790
Region:
North Carolina
Location:
Raleigh Metro
This business has been SOLD and is no longer available. Please visit our main Businesses For Sale page to search all available businesses.

Overview:

This eatery is a local fixture and has become its community’s go-to destination for over two decades. Just north of Fayetteville and southeast of Raleigh, this establishment serves local businesses, families, large groups, and churches with a diverse and varied menu from seafood entrees to hand cut steaks.

This business has a tenured staff with family style customer relationships and they hold a significant market position in the local dining space. They offer consistent and superior quality service, strong community relationships, and a relatively low-cost dining option that fits multiple family income budgets.

This business is a franchised concept, with minimized franchisor involvement. They owners have a solid reputation locally and participate in multiple charities and community outreach programs.

  • Major interior front of house remodel with new dining room furniture and décor
  • Currently seats 300+ with capacity for several more tables
  • Up-to-date kitchen equipment, no CAPEX expected for the next 3 years
  • Within driving distance of two major metro areas
  • Limited competition
  • Steady & consistent growth year over year
Revenue:
$3,475,932
Adj. Cash Flow:
$448,790

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