Asking Price: $98,500

Cash Flow: $85,000

Gross Revenue: $560,000

Rent: $3,650 /Month

Business Description

Motivated Seller! HOT Location! Get your offers ready as this restaurant won’t last!!! A variety of food concepts are possible.

Great opportunity to buy a nice, upbeat, Indian restaurant within minutes from UNC Charlotte, LYNX light rail, University Research Park, Concord Mills Mall, and Charlotte Motor Speedway. Quick access to I-85 and I-485, and nearby social spaces with WiFi to attract millennials and students. This location is rich with amenities within walking distance for campus students and lifestyle consumers. The retail center is anchored by one of the most dynamic specialty grocers in the United States, and serves University City, Charlotte’s second largest sub-market. Located in Charlotte, the most populated city in North Carolina!!!

The restaurant has sales of $560,000 annually with seller’s discretionary income of nearly $85,000 yearly, and a significantly higher income potential!!

Current owner is operating from a remote location due to which the restaurant is overstaffed with high labor costs, however additional estimated annual savings in labor costs are up to $150,000 with a successful family owned and operated business model. The restaurant has a fully equipped commercial kitchen. The restaurant has +/- 1,319 square feet of indoor dining with up to 25 inside seating for customers. New owner can also increase income by adding an extensive lunch menu. Perfect opportunity for a family that is passionate about restaurant business and aims for high six figure income, stability, and brand loyalty!

DEMOGRAPHICS: 1 MI; 3 MI; 5 MI

AVERAGE HOUSEHOLD INCOME: $87,411; $69,587; $71,371

POPULATION: 6,325; 73,361; 172,898

DAYTIME POPULATION: 6,302; 31,732; 68,871

NUMBER OF HOUSEHOLDS: 2,318; 29,171; 65,876

TRAFFIC COUNTS (VPD): 43,000 and 24,000

AREA OVERVIEW

The Charlotte metropolitan area is the largest in the Carolinas, and the fourth largest metropolitan area in the Southeastern region of the United States behind, Miami, Atlanta, and Tampa. The region is headquarters to Fortune 500 and Fortune 1000 companies including Bank of America, Lowe’s Home Improvement Stores, Duke Energy, Nucor Steel, Sonic Automotive, Sealed Air Corporation, Domtar, CommScope Holdings, Coca-Cola Bottling Company, JELD-WEN, Resolute Forest Products, Albemarle Corporation, Curtiss-Wright, Snyder’s Lance, and SPX Flow. Major employers include Bank of America, Wells Fargo Company, Carolina’s HealthCare System, Bank of America, and American Airlines. The Charlotte Motor Speedway is home to multiple NASCAR events throughout the year, as well as a tourist draw year-round. The University of North Carolina at Charlotte has 26,000 students. The Levine Museum of the New South, The Charlotte Museum of History, and Wells Fargo History Museum reveal the city’s compelling past. It is home to one of the world’s busiest airports, Charlotte Douglas International Airport, and is also the Carolina’s largest manufacturing region.

For more information on this restaurant opportunity or to list your own business 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.


Detailed Information

Inventory: Included in asking price
Real Estate: Leased
Building SF: 1,319
Growth & Expansion: 
Recently Charlotte ranked #2 Metro In America For Economic Growth Potential among cities with 300,000+ residents. Forbes Magazine ranked the Charlotte region at #19 in Top 25 Fastest Growing Cities of 2018 list. If you are looking for success from a top performing restaurant location with high regional demand generators and great consumer confidence, look no further!
Financing: Owner financing may be available to a qualified buyer.
Support & Training: 1-2 weeks training
Reason for Selling: Other Interests

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