Property profile

Earning Owner Nearly $300 000 Wnc Restaurant For Sale With Real Est Hickory, NC 28601

OFF-MARKET
Retail properties & Spaces
8,100 SF Built 2001
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Property summary

AI-generated overview

This exceptional restaurant and real estate opportunity in the WNC area presents a lucrative investment. The property boasts 8,100 square feet, comfortably seating 242 indoors and an additional 24 outdoors. Built in 2001, this freestanding building is situated on a busy corner lot with ample parking, ensuring high visibility and accessibility. The fully equipped kitchen features extensive commercial equipment including coolers, freezers, fryers, grills, steamers, and more, ready for immediate operation. The restaurant has a strong track record, reporting $1.9 million in net sales in 2023, generating an impressive owner benefit of $354,641. The business benefits from a loyal customer base cultivated over two decades of operation, and a well-trained staff, including two experienced managers, most of whom have been with the restaurant for over ten years. The seller is offering training to ensure a smooth transition for the new owner. The restaurant is conveniently located between Charlotte and Asheville, in Burke County, NC, zip code 28601, making it ideally positioned for continued growth and success. SBA lending is available. The sale includes all kitchen equipment, furniture, fixtures, and the real estate. This is a turnkey operation poised for continued profitability. The current hours of operation are Tuesday through Sunday, 11 AM to 8 PM. The restaurant is closed on Mondays.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2001
Total area 8,100 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Earning Owner Nearly $300 000 Wnc Restaurant For Sale With Real Est Hickory, NC 28601
Hickory metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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