Upscale Dining Franchise Restaurant With Full Bar

Asking Price$995,000

Cash Flow
Not Disclosed

EBITDA

Gross Revenue$2,900,000

Inventory$20,000
Not included in asking price
FF&E$150,000
Included in asking price
Real Estate$1,775,000
Not included in asking price
restaurant with barSave

Upscale Dining Franchise Restaurant With Full Bar


Asking Price$995,000

Cash Flow
Not Disclosed

EBITDA

Gross Revenue$2,900,000

Inventory$20,000
Not 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 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.
About the Business
Years in Operation
18
Employees
70 Full-time
Franchise
This business is an established franchise
Facilities & Assets
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. Equipment and systems have been kept up to date consistent with a well-operated franchise restaurant offering online ordering and delivery options.
Real Estate
Owned or Leased
Owned
Not included in asking price
About the Sale
Seller Motivation
retirement
Transition Support
Franchisor approval of the business sale and the new franchisee will be required. Franchisor provides substantial ongoing operations support and initial training. Existing owner will be available to support a reasonable transition timeframe.
Financing Options
The business has been qualified for financing with multiple lenders.
Listing Info
ID
2529542
Listing Views
24

Listing ID: 2529542 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.