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Businesses For Sale   >>   Banquet Businesses For Sale   

Vasarely's Restaurant With Real Estate

Location  North Carolina,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $279191
Net Profit / Cash Flow  $128000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1980
Number of Employees  10 - 19
Relocatable  Yes
Number of Employees  10 - 19
Real Estate  Owned
Training  Seller will train for a short period at no cost.
Reason for Sale  Retiring.

Vasarely's Restaurant - Seller Financing Available! Prime location - Top of Beech Mountain, North Carolina Includes real estate. Sitting on top of a major tourist town/ski resort in the beautiful mountains of North Carolina, this is one prime opportunity. It is situated on just under half an acre on Beech Mountain Parkway, in the heart of the commercial area of this beautiful resort town. This gorgeous facility has been opened and profitable for twenty one years. The restaurant features great views including the majestic Beech Mountain Ski slopes. Vasarely's is the oldest restaurant on Beech Mountain, with 21 years of successful operations, and has a full bar - beer, wine and mixed beverages. The business has many possibilities, including adding breakfast, lunch and a late night bar. The current owner has enjoyed great profits for many years, while being open only for dinner only, with many weeks of vacation time a year! The owner claims profits in the $120K's and above annually (2011 net was over $134,000! - business is GROWING annually!), and business is great once again this year. The restaurant seats 106, and has a separate bar/banquet room - perfect for catering and parties (the owner is happy just to work a few nights a week, and does not pro-actively go after this very lucrative business). The kitchen is very well equipped; the owner claims FF&E of over $56,000. The real estate alone, not even throwing in the very lucrative business, is most likely worth the asking price of $679,000! (and the owner will consider aggressive owner financing!) A great opportunity. Contact today! *Financial information provided by seller. Broker makes no representation as to its accuracy. To be proven during the buyer's due diligence period.

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