Popular Family Dining Franchise Restaurant with Real Estate
Business Description
This popular casual dining franchise restaurant 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 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). All 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.
The owner is remotely involved due to experienced and well-seasoned staff - primarily engaged with oversight of business operations, financial management and facilities. 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). All 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
- 15
- Franchise
- This business is an established franchise
Real Estate
- Owned or Leased
- Owned
- Included in asking price
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Owner will provide transition training and support consistent. In addition, franchise training will be required of the buyer, and the franchise offers significant ongoing operations support.
- Financing Options
- Prequalified for SBA financing and potentially conventional financing of real estate
Listing Info
- ID
- 2419236
- Listing Views
- 0
Listing ID: 2419236 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.
Businesses for SaleNorth Carolina Businesses for SaleNorth Carolina Food & Beverage Businesses for SaleNorth Carolina Restaurants Businesses for Sale