Franchise Restaurant With Full Bar

Asking Price$1,350,000

Cash Flow
Not Disclosed

EBITDA

Gross Revenue$3,010,000

Inventory$20,000
Included in asking price
FF&E$150,000
Included in asking price
Real Estate$1,775,000
Not included in asking price
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Franchise Restaurant With Full Bar


Asking Price$1,350,000

Cash Flow
Not Disclosed

EBITDA

Gross Revenue$3,010,000

Inventory$20,000
Included in asking price
FF&E$150,000
Included in asking price
Real Estate$1,775,000
Not included in asking price
Business Description
This popular franchise restaurant with a fully-stocked bar is well-established in a busy section of Greensboro, and is consistently profitable. Its owner is ready to retire and looking for a new owner. The franchise is growing throughout the U.S. and enjoys a loyal customer base.

The owner is remotely involved due to experienced and well-seasoned staff - primarily engaged with oversight of business operations, financial management and facilities. The restaurant enjoys long-term, experienced management in place. The building and grounds are owned and are available for purchase (not included in the asking price for the business).

The business is highly profitable, offering a buyer a handsome full-time salary/investment return for limited part-time work (based on historical performance). Most FF&E of the business is included in the asking price of the business. The asking price for the real estate is based on a recent appraisal and is less than the total amount the owner has invested in the property in the years since it was purchased, including acquisition cost, renovations, equipment and fixtures. Equipment and systems have been kept up to date consistent with a well-operated franchise restaurant offering online ordering and delivery options.

The business has been qualified for financing with multiple lenders. Prospective buyers must have adequate funds available to fund at least 10% of the business purchase, a strong credit history, and experience in managing restaurant operations or very similar business experience. Significantly more equity will be required of a prospective purchaser interested in acquiring the real estate also. The owner is willing to sell the real estate or to lease the real estate to a well-qualified purchaser at market rate on a triple-net lease. Franchisor approval of the business sale and the new franchisee will be required.
About the Business
Years in Operation
18
Employees
70 (70 Full-time)
Franchise
This business is an established franchise
Facilities & Assets
The restaurant is fully-equipped consistent with franchisor requirements, with several recent updates and renovations.
Real Estate
Owned or Leased
Owned
Not included in asking price
About the Sale
Seller Motivation
Retirement
Transition Support
Owner will provide transition training and support included in pricing. In addition, franchise training will be required of the buyer, and the franchise offers significant ongoing operations support.
Financing Options
Prequalified by lenders for SBA financing at the asking price (real estate also)
Listing Info
ID
2454579
Listing Views
16

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Business Listed by: Steve Minnich Piedmont Business, LLC

Listing ID: 2454579 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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