Murphy N.C Casual Restaurant w/110 Seat Patio – $900 Rent w/RE Option – $15K MONTHLY NET PROFIT – One Mile From Harrahs Casino – $150,000

by Steven Josovitz

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This casual restaurant with full liquor license is located in Murphy, North Carolina in the heart of the downtown historic district one mile from the brand new Harrahs Casino that just opened on September 28, 2015.

Incredible area that has over 3,200,000 tourists that pass thru town in a year. Add the casino to those numbers and the potential for growth is unlimited.

Freestanding 1400/sf. Seating for 40-guests inside with a 110-seat outdoor patio with stunning fire pit.

Monthly rent is $900 All IN. Lease expires in 2018 with unlimited options to renew for additional 5-year periods at the same $900 number per month with no extra charges ever.

2014 Numbers:

301,000 gross.  $141,000 net after all expenses

2105 numbers are exploding with sales doubling to $53,000 monthly since the Harrahs Casino opened in September 28, 2015. A full years sales from the time of the Harrahs Casino opening will bring sales more likely to $636,000 to $700,000 with net profit more then doubling as well.

2016 gross is $35,000 per month with two owner operators pull out $15,000 per month after all expenses.

25% cost of goods total

11% fixed overhead

17% payroll costs

47% net profit

Restaurant is run by Owner with a loyal staff of Manager, two- cooks, prep person, dishwasher and three-servers.

Well established, popular and the favorite restaurant in the area.

Priced at $150,000. Real Estate is available at an additional $140,000 or at fair market value.

Owner has re-located out of state but restaurant is run absentee by family members who will stay during a full transition period.  Full training and support included in sale at no additional price.

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