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Previous Auctions
Business for Sale at Auction
Wednesday August 16, 2006 (7PM)
LeCoCo Restaurant
5277 North Roxboro Road
Durham, NC
Directions
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Well-established restaurant to be sold as an ongoing business to the highest bidder regardless of price! This is not a liquidation auction; this is the sale of a successful business in a high growth area with great potential.
Agent on Site: Saturday, August 12 3PM - 5PM
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The Seller guarantees transfer of the business free and clear of all debt and encumbrances. The landlord is ready to sign a new lease with any qualified lessee. The Durham County Health Department has approved this business for an ownership transfer with only minor upgrades and modifications needed. Health Dept. evaluation available at the auction.
Enter the dynamic food service industry for a fraction of the cost. A new restaurant this size (3,200 sq. ft) would cost at least $200,000 to open from scratch.
- Well-Appointed Dining Room Seats over 150 people
- Upholstered booths and chairs
- Stained glass lamps
- Complete kitchen stocked with equipment from the best names in the business (Hobart, Vulcan, Delfield, True, Hoshizaki, US Range, Wolf, Star)
- 12 ft. hood system up to code
- Current Rent is just over $4000 per month
- Great landlord-located in Durham
- Total utilities are approximately $1500 per month
- Well-trained staff already in place
- More parking than you will ever need
- Directly in front of a major grocery store
SPECIAL NOTE TO POTENTIAL BUYERS: Please do not visit this restaurant during business hours. Viewing is during the open house on August 12 by appointment only. We do not want to alarm the customers. We reserve the right to disqualify anyone that does not obey this requirement.
Pictures:
Terms of Sale:
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Property is sold as is with all faults, amenities, and privileges. |
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Buyer must be able to acquire a new lease under the same basic conditions. |
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A 10% Buyers Premium will be added to the final bid to determine the Contract Sales Price. |
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Descriptions and measurements are deemed accurate but are not guaranteed. Bids must be based on your inspection and evaluation. |
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A $20,000 Earnest Money Deposit is due upon execution of the Offer to Purchase. Deposit must be in the form of
certified funds. |
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Balance is due at closing within 30 days of the contract date. |
Map & Directions:
Approximately 1 mile North of the intersection of Duke Street and Roxboro Rd. in the shopping center on the left anchored by Food Lion and CVS Drugs.
Get directions from Mapquest (will open a new browser window)
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