North Carolina’s Largest Shared Commercial Kitchen Platform, Turnkey

Offered for sale is a profitable co-working kitchen rental business with three attractive locations in North Carolina. A hub for entrepreneurs in the food industry, this business gives food entrepreneurs access to professional kitchen space without the high costs of ownership. With premium equipment, food safety processes, delivery systems, marketing assistance, and guidance with local regulations, this business houses a variety of restaurants under one roof, offering customers a wide range of food options for takeout or on-the-go meals. This growing business has enjoyed a 17% growth in profitability over the past three years.

Total Sales: $2,069,044

Cash Flow: $272,504

FFE: $672,915

FFE Included: Yes

Year Established: 2013

Days & Hours of Operation: 24/7

Employees: 10

Managers: 1

Real Estate Included: No

Facilities Information:

The company has facilities in three key locations in North Carolina. All of the locations are leased. The owners of the newest facility, primarily affiliates of the owner, are willing to sell that facility should a buyer wish to purchase it. This would be a separate transaction from the sale of the business.

Reason For Sale:

The Seller wishes to concentrate its efforts on other elements of its portfolio. Seller believes that new ownership would greatly accelerate the expansion and growth of the business.

Training & Support:

The owner is committed to a successful transition to a new owner. The current owner has offered to spend up to 2-weeks of dedicated, in-person time with the new owner as the new owner requires. Additionally, in the event the new owner requires support beyond 2 weeks, the current owner will provide support on a consulting basis at a negotiated rate for whatever time period the new owner requires.

Competition:

While the company has competitors in each of its locations, it does not know of another company as diverse and innovative in its space.

Potential Growth:

The company’s growth strategy, which can be accelerated under new ownership, is to expand geographically and to secure new business relationships.