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Iconic Wilmington Restaurant

Location: Wilmington, NC

ID: (#200751)

200751
Price:$547,000
Revenue:$985,000
Cash Flow:$0
FF&E (Assets):$50,000
Inventory:$4,000
Real Estate:$0

Overview

Iconic restaurant located in Downtown Wilmington, NC.

Open for breakfast and lunch with a wide variety of classic American dishes. The success of this restaurant is the consistently high quality food and service.

At full operating capacity the restaurant seats 95. The restaurant currently operates at 50% capacity, following COVID regulations.

Option to purchase the real estate location, or take over long term lease.

Details

Reason for Selling:

Other Business Endeavors

Established:

2001

Employees:

13

Furniture, Fixtures, and Equipment (FF&E):

All furniture and kitchen equipment currently used in the business will be included in the sale.

Facilities:

Included in asking price.

Competition:

In the growing downtown area, this established iconic restaurant sets itself apart from the competition.

Opportunities for Growth:

Currently only breakfast and lunch are served, expanded opening hours offer a quick way to increase revenue. There is also room to grow with strategic marketing efforts.

Support and Training

The seller is willing to remain with the company for a certain amount of time to assist in the transition and training of the new owners.

Broker Contact Information

  • Regina Fisher
  • North Carolina - Wilmington
  • (910) 520-0737 Mobile
  • (208) 401-9523 Office
  • (208) 248-5610 Fax
  • By Appointment Only
  • Bristol Group Carolina
  • North Carolina - Wilmington
  • By Appointment Only
  • Wilmington, North Carolina
  • Real Estate Broker: Bristol Group Carolina