Outstanding Cash Flow - Heart of Asheville - Business for Sale
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Downtown Asheville Restaurant with Bar and Kitchen
Asheville, NC, US
Added 2 months ago
Restaurant / Bar
26 years in business
This is a long-established restaurant located in downtown Asheville, NC, operating for 26 years with a full-scale production kitchen and bar in a 3,500 square foot leased space, with an option to purchase the real estate.
Key Information
Asking
$1.5M
Revenue
$2.7M
Earnings
$545K
Multiple
2.7x
Key Highlights
- Business has been established for 26 years
- Restaurant occupies 3,500 square feet with rent at $7,500 per month
- Labor cost is 32% of sales
- Seating includes 50 traditional seats, 12 high-top bar seats, and a bar with 20 seats
- Turnkey, full-scale production kitchen with two 8-foot hoods, 8x10 walk-in cooler, and secondary prep kitchen
- Real estate purchase option is available, terms negotiated separately
Contact Info
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