Motivated Sellers - Specialty Restaurant Sale including Real Estate
Business Description
Terra Cafe is nestled among many buildings in a historic district along the main corridor of downtown Wilmington. This sit-down restaurant offers 1,476 +/- square feet of space and has the potential to be converted into a deli and sandwich shop. It currently serves lunch Monday through Thursday, primarily catering to downtown law firms, banks, and other local businesses, with many customers walking in to dine or pick up lunch. To receive location and pertinent information, please complete a non-disclosure agreement with LMT Commercial Realty LLC.
The kitchen is fully equipped to handle all cooking tasks, and the restaurant features 32 seats at tables. A new owner could also expand operations by offering breakfast and early dinner, as well as apply for a license to serve alcoholic beverages with the OABCC.
The kitchen is fully equipped to handle all cooking tasks, and the restaurant features 32 seats at tables. A new owner could also expand operations by offering breakfast and early dinner, as well as apply for a license to serve alcoholic beverages with the OABCC.
About the Business
- Years in Operation
- 30
- Number of Employees
- 2
- Facilities & Assets
- Fully loaded kitchen, 32 seats at tables, no bar or alcoholic beverages currently sold at the restaurant.
- Market Outlook / Competition
- Restaurant is located in the historic district on the main corridor in downtown Wilmington and there are a number of restaurants serving all cultures, cuisines, to satisfy the customers in the area.
- Opportunities for Growth
- The restaurant is only open a minimum of hours during the week, serving lunch. The new owner could expand the menu by serving breakfast, brunch, and early dinner, as well as offering delivery. Additionally, they could consider extending the days open and hours of operation to better accommodate customers and increase sales. Also, the new owner can apply for a liquor license to serve alcoholic beverages.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
About the Sale
- Seller Motivation
- The sellers have operated restaurants all their adult life with great passion an
- Transition Support
- Sellers will work with new buyer two-weeks after settlement.
Listing Info
- ID
- 2020825
- Listing Views
- 3162
Attached DocumentsAttachment Disclaimer
Business Location
Listing ID: 2020825 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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