3224 N College Rd Wilmington, NC 28405
MLS#: 30323043
$390,000

Property Information

Price
$390,000
Minimum RSF
2,400

Location

County
New Hanover
City
Wilmington
State
NC
Zip
28405
Longitude
-77.8772
Latitude
34.3102

Property Description

Loyal following and strong track record of growth. Revenue consistently above $800K, with a projection for 2018 of $890K. COGS has been approximately 33% for the last 4 years. Seller has transparent financials, with a high level of detail for a potential buyer to analyze. No hidden cash income/payments - this is a well run and tightly controlled business. Strong cash flow and reasonable lease terms that can be assumed. Seller willing to stay and train for an extended period depending upon what the buyer wants/needs. Seller financing available to a qualified buyer. Location is in fast-growing area, close to college, new residential developments, access to major arteries/highways. Healthy balance of take-out/delivery and dine-in. Bar business is excellent, and POS system is top-notch (Toast: https://pos.toasttab.com). All FF&E conveys, much of it is new. Truly a turn-key operation. Financials available with signed Confidentiality Agreement.

Location

No nearby properties found.
Listing Courtesy of Coldwell Banker Commercial Sun Coast Partners, LLC