This breakfast/lunch centric restaurant located in Wake County is turn-key with a general manager, kitchen manager, and catering manager already in place. The business has a cult following of over 15,000 social media followers with net income increasing almost 50% from '22 to '23. Many recurring corporate lunch caterings bolster its continually growing catering business. Currently being overseen by an out of state owner, this business is in prime position for a new owner to take the reins and foster more community relationships for even faster growth.
Financial Information
$250,000
Asking Price
$150,000
Cash Flow
$830,000
Gross Revenue
N/A
Down Payment
Yes
Financing
Business Location
City:
Wake County, NC
State:North Carolina
Reason for Sale
Partner moved out of state and believes the business would be best suited for an in-state owner.
Detailed information
Year Established:2021
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 2
Part-Time Employees:12
Contractors:N/A
Owner Worked Hours/w:5
Adjusted EBITDA:
N/A
Inventory Included: No
Inventory Value:
N/A
Monthly Rent:
$7,500
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value:
N/A
Building Size: 1850
FF&E Included?: No
Training/Support
Sellers willing to stay on and work with buyer for several months to ensure successful transition.
Market Outlook/Competition
With the continuing influx of businesses, catering continues to be a great lunch revenue stream. In its current location, there are no other cafe's or coffee shops. With all the businesses in walking distance, it's established itself as the primary cafe option.
Real Estate Description
Business is located in high traffic, safe area. There are both in and outdoor seating options. The cafe is picturesque and highly marketable as evidenced by its 15,000 Instagram followers.
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