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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
32291811

North Howe Street, Southport, NC 28461

TE
NC 214826
MoMentum companies
Listed by MoMentum companies
$525,000
37 days on market
Updated 37 days ago

Established Italian Restaurant in High-Growth Market

Details
Property Type Business for Sale
Sub Type Business Only
NOI $152,262
Year Built 2020
Ground Lease No

Great Reviews, Loyal Customers

Marketing description

Well-established and highly regarded Italian restaurant and pizzeria located in one of coastal North Carolina’s fastest-growing markets. This successful business has built a strong reputation for quality Italian cuisine, specialty pizzas, and loyal repeat clientele.

Positioned on a highly visible main thoroughfare with excellent traffic exposure, the restaurant benefits from strong local support, consistent year-round business, and seasonal tourism demand. The business operates from a leased location with transferable lease terms.

This is a turnkey opportunity for an owner-operator or experienced restaurateur seeking to acquire a profitable, established restaurant in a thriving market. The current owner is hands-on in daily operations and is prepared to assist with a smooth transition.

Additional details and financial information will be provided to qualified buyers upon execution of a Non-Disclosure Agreement.

Investment highlights

The business operates from a leased commercial space in a prime high-visibility location along a main roadway through town. The facility is fully equipped for restaurant operations and includes all furniture, fixtures, equipment, and operational assets necessary to continue business seamlessly. All business assets are included in the sale, and the lease is transferable subject to landlord approval.

Listing Contacts

TE
NC 214826
MoMentum companies
Listed by MoMentum companies

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$152,261.87
$12,688.49/mo

Valuation Metrics

0
DSCR
29%
Cap Rate
29%
ROI

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