Four Upscale Restaurants – Charlotte and Raleigh
Business Description
Acquire four upscale restaurant locations in affluent areas of Charlotte and Raleigh, offered together at $8.3M.
For upscale concepts trying to expand their current brand, this price point and second-generation space offers an efficient path to enter affluent markets. For restaurant groups looking for a new concept, these locations are turn-key with staff in place capable of running day to day operations.
Book value of the original build out costs are $11.1M, but today this same build-out would likely cost $14M. These four locations, as a concept, are offered at $8.3M to facilitate the retirement of the owners.
The portfolio spans more than 25,000 square feet of purpose-built dining space developed between 2012 and 2025, each built with high-end finishes, dedicated private dining rooms with A/V capabilities, and full bar programs. Surrounding household income averages approximately $182K across the four trade areas.
This is a cash-free, debt-free asset sale. Liquid assets, accounts receivable, accounts payable, and other liabilities are not being transferred and are not included in the sales price.
A confidential information memorandum with full financials, lease abstracts, and equipment schedules is available to qualified buyers after execution of a mutual NDA.
For upscale concepts trying to expand their current brand, this price point and second-generation space offers an efficient path to enter affluent markets. For restaurant groups looking for a new concept, these locations are turn-key with staff in place capable of running day to day operations.
Book value of the original build out costs are $11.1M, but today this same build-out would likely cost $14M. These four locations, as a concept, are offered at $8.3M to facilitate the retirement of the owners.
The portfolio spans more than 25,000 square feet of purpose-built dining space developed between 2012 and 2025, each built with high-end finishes, dedicated private dining rooms with A/V capabilities, and full bar programs. Surrounding household income averages approximately $182K across the four trade areas.
This is a cash-free, debt-free asset sale. Liquid assets, accounts receivable, accounts payable, and other liabilities are not being transferred and are not included in the sales price.
A confidential information memorandum with full financials, lease abstracts, and equipment schedules is available to qualified buyers after execution of a mutual NDA.
About the Business
- Years in Operation
- 14
- Employees
- 14 Full-time
Employee count is only the management team for the company and the four location - Facilities & Assets
- Four NNN leased locations totaling 25,700+ interior SF across Charlotte and Raleigh. All spaces are purpose-built with high-end finishes, private dining rooms, and full commercial kitchen infrastructure. Dedicated on-site or adjacent parking at all locations. Lease terms run through 2032–2034 with 5-year renewal options at each site.
Restaurant buildouts in this area to cater to this customer base can easily exceed $3M. A second-generation buildout is a highly desirable alternative to de novo build outs. - Market Outlook / Competition
- All four locations are in affluent submarkets with average surrounding household incomes of approximately $182K. Locations are in established mixed-use and retail centers with high daily traffic. Second-generation space in these markets is exceptionally difficult to access through new construction.
- Opportunities for Growth
- Second-generation buildouts in established, high-income trade areas. Two of the four locations opened in 2024 and 2025 and are still ramping — meaningful upside for an operator who can execute. The concept and systems are transferable to additional markets.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 25,700
About the Sale
- Seller Motivation
- Owner retirement
- Transition Support
- Founders will provide reasonable transition support and training to qualified buyers. Specific terms to be negotiated as part of the purchase agreement.
Listing Info
- ID
- 2525432
- Listing Views
- 47
Listing ID: 2525432 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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