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Vasarely's Restaurant With Real Estate
Location: United States -> North Carolina
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

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.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $279,191
Cash Flow:   $128,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  1980
Number of Employees:  10 - 19
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Seller will train for a short period at no cost.
Reason For Selling:  Retiring.

Photos

View Larger Photo(s) Of Business
Vasarely's Restaurant With Real Estate Photo 1 Vasarely's Restaurant With Real Estate Photo 2




Print Listing Id: 700187961
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > North Carolina Businesses For Sale > North Carolina Franchises For Sale > North Carolina Business Brokers



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