Property summary
This fully equipped commercial kitchen, located in Wake Forest, NC (zip code 27587), is available for $125,000. Ideal for a ghost kitchen, food truck operation, or catering business, this 600-square-foot space boasts a six-burner range, two deep fryers, and ample racking. Currently operating as a restaurant, the space is available due to the owner pursuing a new career. The lease, with a monthly rate of $2500, expires November 23, 2024, and offers a potential 20+ year extension. The kitchen's low overhead makes it an attractive option for entrepreneurs seeking an affordable entry into the food service industry. The current business employs two people and operates within a competitive landscape of three Indian restaurants in Wake Forest. While inventory is not included in the asking price, the existing equipment provides a turnkey operation, minimizing start-up costs. This presents a unique opportunity to acquire a fully operational commercial kitchen with minimal upfront investment and significant growth potential. The seller is motivated and ready for a quick sale. Support from the seller is negotiable.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
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