LISTING DETAILS

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Listing #FS97656
Burlington, NC
3165 Garden Road, Burlington NC, 27215



Offered at $89,000

 

Property Details
Listing Type: Food Service - Indian Restaurant, Strip Shopping Center location
Selling Price: $ 89,000.00
Property Included: No
Property for Sale: No
Inventory Included: No
Inventory Amount: By Invoice
Down Payment: 50%
Hours: Open 7 days a week, 11-9:30
Franchise: No
Year Business Started: 2016
Security System: Yes
Number of Employees: 5
Area Information: Western part of the Burlington area. Located in a shopping center, immediately off the interstate. Next to a Walmart Super-Center and various retail stores. One mile up the road from a large mall with major department stores and a movie theater.
Key Equipment: Walk-in Cooler & Freezer.
Licenses Required: Business License, Health Dept.
Other: Fantastic location, great for any individually owned and operated concept. Previous concept was a bar & grill, and neighborhood has been receptive to the Indian cuisine concept. All of the equipment and small-wares stay with the business, allowing for a quick turn-around time. Many local business and retail outlets offer a built in customer base, as does the proximity to several neighborhoods and a new apartment complex going in just around the corner. A new owner will benefit from a stronger social media presence and very specific, local advertising. The business offers a discount to any student, which is popular. Current owner wishes to pursue other business interests closer to home. The seller is willing to finance, but the asking price will then be $115,000.
Environmental Status: Not Known
Restaurant Type: Family Owned / Operated
Food Type: Indian
Menu/Buffet: Full Menu / Lunch Buffet
# of Seats: 90
Hood: Yes
Annual Sales: $264000



Annual Income Streams

Gas Commission
Gas Gallons
Gas Sales
Inside Sales
ATM
Air / Vac
Drink Machines (outside)
Lottery Commission
Money Order
Propane
Rent Income
Beer Sales
Tobacco Sales
Rebates
Room Revenue
Restaurant Revenue
Liquor Sales
Total Sales
Car Wash
Check Cashing
Game Machine
Phone Cards
Western Union
Other
Other
Other
Catering

Monthly Expense Items

Accounting / Legal
Bank Charges
Business Insurance
Car Wash Repairs & Supplies
Credit Card Fees
Licenses
Phone
Power
Payroll
Property Tax
Rent
Repairs
Supplies
Tank (UST) Fees
Garbage
Dues / Subscriptions
Laundry Uniform
Training
Natural Gas / Propane
Mortgage
Payroll Tax
Insurance
Utilities
Communication
Security
Event Fees
Office Expense
Office Supplies
Postage
Shipping
Professional Fees
Royalties
Bill Pay
Water
Other
Other
Other
Advertising
Equipment Rental
Auto
Workers Comp Insurance
Employee Health Insurance
Merchant Fees
Uniforms
Fuel Oil
Customer Promotions
Property Manager


Please Contact your County South Broker for a more detailed list of income and expenses.

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NOTE: All information listed here is provided by the seller and should be verified by buyer as we do not guarantee it to be correct.