Profitable Indian Restaurant for Sale in Triangle (“Raleigh-Durham-Chapel Hill”), North Carolina
No Longer Available
Gross Revenue: $2,200,000
Cash Flow: $350,000
Rent: $15,000 / Month
Top-rated, profitable, full service restaurant for sale in the Triangle area (“Raleigh-Durham-Chapel Hill”) marked for its unparalleled location, established goodwill, excellence in hospitality, authentic taste, consistent food, trained multi-chef kitchen crew and staff, and a huge beeline of customers! This location is ideal for an Indian restaurant, but suitable for other concepts too that do not already exist at the Center.
The absentee-owned restaurant has sales in excess of $2,000,000 annually with seller’s discretionary income of nearly $350,000 annually. Additionally, estimated annual savings in labor costs are up to $650,000 with a successful family owned and operated business model. Perfect opportunity for a family that is passionate about restaurant business embodying higher stability, commitment, profitability, customer confidence, and branding.
Conveniently housed in a grocery anchored popular retail center, the Indian restaurant for sale is a popular destination for Indian customers. The restaurant has a space of ± 6,300 square feet and a maximum seating capacity of 250. It has a private dining area which can accommodate group celebrations and events. The fully equipped commercial kitchen has everything in working order and ready for a new owner to begin operations on day one. The restaurant provides an ambience of comfort and an instant sense of belonging to the Indian at heart. It resonates very strongly with the Indian culture of openness, warmth, hospitality, caring and sharing. The total monthly rent is $15,000 including nets. New owner will get support for 2-3 weeks at no cost for smooth transition.
Within 5 mile radius of this retail center, the average household income is over $125,000, and the daytime population is over 100,000. The location has a traffic count of 30,000 vehicles per day. The vicinity has a strong residential population and the world-renowned Research Triangle Park (RTP), the largest employment center in the region with over 60,000 employees, government and world-class universities, medical centers and schools.
Competition / Market Pros and Cons: A favorite among Indians, this is a top rated restaurant with little or no competition.
Reasons for Selling: Other Interests
Growth and Expansion Pros and Cons: Affluent and growing Indian population nearby makes this location a steal.