Established Restaurant in Downtown Wilmington

Due to the success of restaurants in the Wilmington market throughout the pandemic there are very few opportunities to find second generation spaces. Most Wilmington restaurants have experienced “the best years ever” in 2021 , 2022 and 2023 and are heading in the same direction, with the National recognition of “Top Ten Foodie Destinations” /small cities the demand has increased even more so. Highly sought-after location….in the heart of a historic area and established for over 20 years. It boasts loyal customers and great ratings. One of Wilmington’s only breakfast, lunch and dinner restaurants, weekend brunch with patrons waiting to get in. This turn-key opportunity is a must to consider for any chef or restaurant group looking to quickly establish themselves in the Wilmington area. Plenty of opportunity to put an individual’s stamp on it to make it your own and increase revenues.This is an asset purchase to include the rights to the name/brand, trademark, recipes, furniture, fixtures and equipment and goodwill to include all website, social media and vendor relationships.

2023 revenue was $1.9mil, SDE $95KHighly Confidential listing, therefore details will be provided to qualified interested parties. Parties should contact the brokers for establishing interest and signing an NDA. A buyer interest must be financially able to fund the purchase by showing proof of funds within their personal financial statement.Base rent is $4300/mo, CAM charges additional. Landlord negotiating new lease with new tenant.

Opportunity knocks on this one.

Building SF:3,015

Furniture, Fixtures, & Equipment (FF&E):
Included in asking price

Support & Training:
Owner will provide a transition period to the new owners

All FF&E and inventory conveys with the sale.