Wilmington Restaurants For Sale
Long Time Casual Favorite with Locals and Beach Vacationers Alike
This turnkey restaurant is a golden opportunity for the astute buyer. It is consistently profitable and properly priced.
Well-established (opened in 1981), attractively presented casual dining prominently positioned in a pretty end-cap in a center anchored by a large, upscale food store. Overall, the area can be categorized as Wilmington’s newest and best upscale retail shopping destination, less than five minutes from the most popular beach.
Breakfast service was recently added; this proved to be a double success. Opening earlier has drawn a new cadre of customers to the restaurant; this, in turn, has actually nudged up business throughout the day.
Nutshell Facts of the Business:
Sales (2014): over $635,000 gross
UPDATE: As of end of May, Seller reports gross revenues on track to exceed $700k (and possibly approach $750k) in 2015.
Seating Capacity: 72
Lease + CAMS: $6,125
Leasehold: 2855 square feet.
License: beer and wine
Location: prime AAA location! High traffic near the beach,
Marketing: Owner has not advertised very much; however, creative promotions catering to many area retail employers could further enhance the bottom line.
Popularity: almost 90% of Yelp reviewers gave 4 or 5 stars. (Given spotless reputation and convenient location, menu prices may be somewhat on the low side).
Funding: Owner may consider carrying part of the sale price for a qualified buyer!
Leasing: landlord understands the restaurant business and has been co-operative. Rent is competitive for this light and bright, well-proportioned over 2800 sqft. nicely-equipped “end-cap” space.
Hours of Operation: open for breakfast, lunch and dinner (closes early Sunday & Monday)
Reason for Selling: Owner has other new business interests demanding his attention
Please go to SellingRestaurants dot com for the name and location of this business.
Broker of Record Rob Tade DRE License #01339409
Lease
Financials
Operations
Facilities
Highlights
- profitable
- established
- bright
- well equipped
- excellent location
Financing
Demographics
| Population | 3-mi. | 5-mi |
|---|---|---|
| 2014 Total Population | 36,517 | 72,541 |
| Households | 3-mi. | 5-mi |
| 2010 Number Of Households | 15,800 | 29,447 |
| 2010 Persons Per Household | 2.03 | 2.15 |
| Median House Value | $237,800 | $241,998 |
| Income Per Household | $34,356 | $43,043 |
| Businesses | 3-mi. | 5-mi |
| 2009 Number Of Businesses | 2,031 | 3,457 |
| 2012 Number Of Employees | 55,626 | 94,284 |
| 2012 Total Annual Payroll | $884,296,000 | $1,623,280,000 |
click for more demographic info
Disclaimer
Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it. In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business. Owning a business is a risky venture, but can also be a rewarding one. The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User. DRE License # 01339409.