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.

Reported EBITDA includes rent paid to an affiliate of the owner. EBITDA net of estimated fair market rent is calculated at $340,600 for 2024, after an 8% capitalized rent factor on the $1,775,000 value of the real estate (based on a recent appraisal).