Asking Price: $195,000
Gross Revenue: $400,000
Inventory: Included in asking price
Lease Rate: $6,334 /Month
The first time you walk through the door at this restaurant, you may wonder if you arrived at the wrong restaurant. The decor yields virtually no clue that this is an Indian restaurant. Upscale, fine dining restaurant with red and black tablecloths, decorous service and elegance in the air — this restaurant is a hidden gem, and can be used for several other food concepts.
The storefront boasts of a brick façade. An aesthetically stunning redesign by the owner, this restaurant has a light and airy feel, decorative elements such as suspended false ceiling, columns with intricate carving, subtle gold accents, and chandeliers bringing opulence into the space.
The owner invested nearly $400,000 to build the restaurant. Nice opportunity to buy this beautiful restaurant for merely 50% of the build out costs. The total assets is over $315,000 including, but not limited to kitchen and bar equipment, restaurant equipment and supplies, crockery and supplies, furniture and fixtures.
The restaurant has sales of $400,000 annually with seller’s discretionary income of nearly $85,000 yearly. Additionally, estimated annual savings in labor costs are up to $85,000 with a successful family owned and operated business model. Perfect opportunity for a family that is passionate about restaurant business.
The restaurant is conveniently located in a beautiful 400,000-square-foot retail shopping center hosting a nice combination of small, locally-owned businesses, specialty shops, as well as national chains like Target, Bed Bath & Beyond, and The Fresh Market as anchor tenants. Prime location near many residential developments, mixed use commercial market, Piedmont International Airport, I-73/840, with a traffic count of 20,000 VPD. The Center’s amenities include a dedicated turn lane, pylon sign, signalized intersection and easy and ample parking buffered by trees, and shops connected by walkways and patios. The average household income in this zip code is $92,234. The location serves Greensboro, High Point, Summerfield and surrounding areas.
The restaurant offers unparalleled fine dining experience in the Triad area (“Greensboro–Winston-Salem–High Point”), and is one of Greensboro’s top-rated, high-end restaurant with great reviews and reputation of authentic food, a favorite with both locals and travelers for a leisurely meal, quick bites or takeaway. It has both Northern Indian as well as Southern Indian buffet menu. The restaurant can accommodate up to 125 people making it ideal for big parties, events, business or social meetings.
Greensboro is the 3rd-most populous city in North Carolina, and the largest city in Guilford county and the surrounding Piedmont Triad metropolitan region with an estimated population of over 285,342. A great city to relocate, Greensboro is known for manufacturing, financial and business services, and a major East Coast hub for transportation. It lies at the intersection of five Interstate highways (I-40, 73, 74, 77, 85) and major federal highways. Ranked as the lowest cost location for Fortune 500 corporate headquarters among 30 major U.S. metro areas, Greensboro is a winner for businesses looking for long-term success in a favorable and fast developing economic setting, and at an amazingly affordable price.
***No owner financing. Qualified buyers only.***
For more information, or to list your businesses for sale, contact Madhur Gupta at 919 428 9840. Visit http://www.rplusi.com for a complete list of all businesses for sale or coming soon. Information in this listing has been provided by the seller and third parties, and is subject to change without notice. Buyer must independently verify this information, and we assume no responsibility for its accuracy or completeness.
Real Estate: Leased
Building SF: 3,600
Competition: Low competition. Other local Indian restaurants are focused on buffet compared to this restaurant focused more on fine dining. Convenient Triad location.
Growth & Expansion: This restaurant is located in the 3rd most populous city in North Carolina. Its revenue potential will increase as the city grows, specifically the number of targeted customers. Located near the Piedmont Triad International Airport, it also has potential to attract more travelers with higher advertising and marketing efforts.
Support & Training: 1-2 weeks training
Reason for Selling: Downsizing / Retirement