Duke / UNC Location – Chic and Busy Restaurant for Sale, Durham, NC (Durham County)

Asking Price:$119,900

Cash Flow:$80,000

Gross Revenue:$550,000

Business Description

Location, location, location!!! Chic, fusion restaurant for sale in a HOT location near Duke University, Duke Hospital, and VA Medical Center, in Durham, North Carolina, and not far from the University of North Carolina at Chapel Hill. Enjoy the spirit of RTP / Triangle in this cool, high spirited, high foot traffic restaurant.

Quick service or fast casual restaurant concepts, Indian, Pakistani, Asian, Chinese, Thai, Sushi, Vietnamese, Korean, and several other fast food, street food or BBQ concepts possible. The restaurant is conveniently located in a beautiful and posh shopping center hosting a nice combination of local as well as national chain restaurants. Within walking distance to Duke University (14,832 students), Duke Medical Center, and VA Hospital. Neighboring Duke University and Medical Center comprised of 37,000 employees. The residential portion of the shopping center provide the tenants one convenient location to simplify the consumers busy lifestyle.

DEMOGRAPHICS and TRAFFIC
5 miles daytime population is around 155,000.
5 miles 2022 projected population is around 180,000.
5 miles 2017 estimated average household income is $70,756.
20,000 VPD

The restaurant has an estimated sales of $550,000 annually with seller’s discretionary income of nearly $80,000 yearly. The restaurant is one of Durham’s top-rated restaurant with great reviews and reputation. It has an inside seating of 22 and outside seating of 80. The outside seating can be shared with adjacent restaurants.

Furniture, Fixtures and Equipment (FF&E): 7′ Commercial hood, grease trap, walk in cooler, 2 freezers, under-counter freezer, 1 refrigerator, 36″ flat top grill, 1 stove (4 burner), chef-based refrigerator, 4 compartment sink, 1 meat sink, 1 veggie sink, 4 rice cookers, 4 blenders. prep tables, 3 steam tables, small bottle drink fridge, display ice cream freezer, ice machine. Small buffet possible. New owner needs to bring own equipment. Furniture includes a total of 8 tables, 24 chairs, and 6 window bar seats.

To list your businesses for sale, or for a complete list of all businesses for sale, off-market opportunities or coming soon listings, contact Madhur Gupta at 919 428 9840.  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.


Detailed Information

Inventory: Included in asking price
Financing: Seller financing may be available to a qualified buyer
Support & Training: 1-2 weeks training

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