60+ Year Landmark Restaurant on High-Traffic Intersection Corner

Listing Number: 13485-866638

Description

This profitable and long-standing restaurant has been a fixture in eastern North Carolina for over 60 years. Situated at a prime, high traffic intersection, the property value of the 3 tracts of land which accompanies this listing has even a greater potential upside than the restaurant itself. This is a perfect 1031-Exchange investment.

Listing Details

  • Price: $1,200,000
  • Down Payment: $1,080,000
  • Sellers Discretionary Earnings: $282,124
  • Total Sales: $1,823,275
  • Location: Martin County, North Carolina

  • Inventory: $11,377
  • FF&E: $300,804
  • Employees: 36
  • Year Established: 1959
  • Reason for Selling: Retirement
  • Category: Real Property Rltd
60+ Year Landmark Restaurant on High-Traffic Intersection Corner

Contact Agent:

Tony Khoury
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