$599,000

Price Reduced! Absentee-Owned Barbeque Franchise Restaurant with Property in Waynesville, NC! High Traffic Count!

Revenue is averaging $50,000 Per Month! Net Profit is projected at over $84,000 per year AFTER paying an Extremely High Payroll of $200,000 per year and all other expenses!

Sales are currently slow during the Winter months but will pick back up in March!

Food Cost is 36%. Owner-Operator can reduce Food Cost and streamline operations by reducing the $200,000 payroll!

Franchise Royalties are only 9%! Franchise transfer fee is only $5,000!

Currently not serving beer! Franchise allows for beer sales! Huge opportunity to attract more customers and increase sales by adding beer!

Sellers are Absentee and cannot manage the restaurant because they live almost 2 hours from the business! Sellers took over the location at the end of March when it was shut down.

Property is large enough to add another business! Huge opportunity to add a vape store or other retail!

Only 18 minutes from Asheville, NC! Only 1 h 10 min from Spartanburg and Greenville, SC! 1 hour 30 mins from Knoxville, TN! Located near Interstate-40!

4 miles from universities like Haywood University with over 2,500 students, Haywood Christian Academy, Shining Rock Classical Academy with over 563 students, Regional High Technology Center, and Tuscola High School with over 971 students!

Near Haywood Regional Medical Center and Lake Junaluska with major lake tourism!

Surrounded by various apartment complexes like Mountain Creek, Brookmont Loft Apartments, Mountain Trace, Palisades at Plott Creek, Vantage Pointe Homes at Balsam Mountain, Aviemore Village, and Meadowland Apartments.

2 miles from the economic development project that will have two apartment buildings with a total of 210 units as well as Waynesville’s largest-ever single-family home subdivision development with 115 home sites!

4 miles from a townhome project that will amount to more than 800 new units!

Extremely High Average Traffic Count! Approximately 26,000 vehicles passing by the Restaurant each day!

Asking Price for the Business and Property is $599,000!

The Sellers are also willing to lease the Business-only for $99,000 plus inventory! Inventory is guesstimated at $5,000. The Rent is only $2,600 NNN per month with a 15-year lease available!

If you purchase the Business-only, then you will need to include $31,200 per year in rent as an additional expense.

If interested, please call or text us anytime at (770) 664-9999 or email your full name and best contact number to info@riverbrokers.com

Details

Price : $599,000
Property Type : Business and Property
Purpose : Sell
Status : Available
Address : Waynesville, NC
State : NC
City : Waynesville

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