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 2022 , 2023 and 2024 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 in line 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.

2024 revenue was $1.8mil. Highly confidential listing, therefore details will be provided to qualified interested parties. Parties should contact the listing broker to confirm their interest and execution of an NDA. Interested parties must be financially able to fund the purchase and must provide proof of funds with a current personal financial statement. Base rent is $4300/mo, CAM charges additional. Landlord is anticipating negotiating a new, long term lease with new tenant.

Asking price is based on "weighted average" and is well below the "trailing 12-month" valuation of $751,100. This business has been pre-approved for SBA lending based on the higher value.

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