MergerPlace

Award Winning Restaurant w/ Separate Pub

North Carolina


  • Asking Price: $1,250,000
  • Gross Income: $3,390,000
  • Cash Flow: $592,879
  • Real Estate: Not Disclosed
  • Inventory: $40,977
  • FF&E: $315,614
  • Listing ID: #200501
  • Established: 1993
  • Employees: 24 FT / 28 PT

Business Description

This business has been on a upward trend not only due to their great food and relaxing Pub with a recognized music venue, but due to the upscale location of the business and the consumer shift to healthier food and focused customer service. They are recognized for their vegetarian menu and the farm to table sourcing of product and the pub, as well as the music venue. They hold a dominant position in the marketplace and the respect of their competitors. The quality and creativity has always been the driving force behind there eclectic international approach to vegetarian dining and they are extremely popular with vegetarians and meat-lovers alike. They combine local products, organic ingredients and a flair for global fusion to give their dishes both unique and satisfying character.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: North Carolina

Company Information

Year Established: 1993
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 24 FT / 28 PT

Financial Information

Asking Price: $1,250,000
Gross Revenue: $3,390,000
Cash Flow: $592,879
FF&E: $315,614
Inventory: $40,977
Seller Financing Available: No

Property Information

Facilities:

The facility covers 5,600 square feet complemented by outside patio and adequate parking.

Growth & expansion opportunities:

There is room to expand with a brewery in the back of the pub; the infrastructure is already in place.

Competition:

Two other vegetarian restaurants nearby but not in downtown. Product is priced competitively and any difference is outweighed by high quality product, customer relations, and great service. The music venue is known as the home of traditional music in the area.

Reason for selling:

Owners retiring.

Support & Training:

90 day seller training at no additional cost.

Contact Business Seller

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Business Listed By:

Michael Norman

Carolina Business Associates LLC