Business Description
Cafe and Beer Garden, the best of both worlds
Make Money first day you open!!
Owner of a locals cafe 30 mins from OBX and 30 mins to downtown Virginia is selling both business and real estate.
Small farmhouse built back in the 30's transformed in 2013 into a 2000 sqrft 60 seat cafe with 30 seats inside and 30+ seats outside.
The inside and outside merge from the newest addition beer garden boasting 20 draft beers and wines
This little Gem (famous tourist response) is located in the heart of Currituck county within walking distance to county offices, ferry and county municipality and 10000s of daily motorist.
Currituck county is one of the fastest growing communities in Nc with young families and retirees.
The cafe is located in Historic Currituck on the Currituck sound just off of and seen from route 168, an intrastate traveled by millions of tourist headed to OBX yearly.
One has to drive 5 miles to next restaurant or 15 miles to a cafe with comparable menu.
The owner and its business still in operation have been an integral part of the community but after 10 great years it is time for him to settle down.
The owner is willing to sell just business w/assets $375,000 and leasing building at a market rate with no immediate option to purchase property or to sell as a whole 875000 (business building and land) with owner financing available (at current rates amortized for 30 years) after significant down payment of $300,000 with a balloon payment for remainder after 7 years
Revenue is strong & consistant and buyer can plan on drawing income first week open.
There is plenty of room to double revenue if preferred by simply adding hours, days (Tues and Sunday), breakfast, Sunday brunch, spirits or more catering events in the beer garden; cafe is currently open Mon 11-8, Wed-Sat 11-8.
Buyers interested must be able to fund purchase and show proof before any financial records will be released.
Seller wants to ensure a positive exchange and will stay and train for several weeks and will be readily available for few months after.
The business will be fully stocked and staffed and all employees will transition with new owner to start making money first day.
Owner is willing to negotiate terms but is firm on pricing
Detailed Information
Inventory:Included in asking price Real Estate:Owned Not included in asking priceBuilding SF:2,500 Employees:9 Furniture, Fixtures, & Equipment (FF&E):Included in asking priceFacilities:All assets sold with business (Home Based)Competition:We are located in a rural area where lack of utilities and strict codes in county leave little room for competition,, however there are some farm markets near by that offer food trucks.
you can also drive 15 mins to town where there are several fast food and convenience storesGrowth & Expansion:The cafe is open for lunch and dinner Mon, Wednesday-Saturday 11am-8pm.
new owner could easily add revenue by adding breakfast, upscale dinner, open additional days, off mix drinks bring in entertainment to beer garden on weekends, Host parties on off nights, lease out beer garden for large partiesFinancing:Cash, SBA, partial Seller financingSupport & Training:Depending on the nature of sale, but current owner will train and support new owner for several months to make sure of a
smooth and profitable transition.
Current owner will also make sure that restaurant has a full trained staff before complete turnoverReason for Selling:Time to move
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