This profitable Steakhouse Restaurant for Sale located in Greensboro North Carolina is ready for a new owner. After twenty-five years, the current owner is ready to retire and offering this incredible opportunity for LESS THAN 2-TIMES DISCRETIONARY EARNINGS. 2021 and 2022 Owner Benefit of $550,000. Strong books and records should easily qualify this profitable steakhouse for SBA Lending with as little as 20% Down.
Don’t delay on acting on this rare offering. The Restaurant Brokers know that deals like this extremely profitable Steakhouse Restaurant for Sale
don’t go on the market every day! Not only do you get an open and operating business that is generating strong six figure income, but you also get a business that is in a prime location. Greensboro is the 3rd largest city in North Carolina with 300,000 residents. Greensboro is in Guilford County and is one of the best places to live in North Carolina
. Living in Greensboro offers residents a dense suburban feel and most residents rent their homes. In Greensboro there are a lot of restaurants and parks. Company's such as Honda Jets, Volvo Trucks, and soon to be Toyota Batteries all have a major presence in Greensboro. The Piedmont Triad area, which includes Greensboro has a population of 1.7 Million
The restaurant offered by We Sell Restaurants
has been serving the Greensboro area for over 25 years. The venue is a generous 6650 square feet that can easily accommodate 170 guests inside and out. The rent is an unbelievable $9700 per month including CAMS. That equates to less than $18 per square foot and under 6% of net sales contributing to top line earnings. The lease contains multiple options to renew taking it all the way out to 2038! With annual sales of $2 Million and owner earnings of Over $500,000. This Steakhouse Restaurant for Sale won't last and is perfect for an owner operator or investor.
This Restaurant for sale is an A+, home run listing. Need more convincing? When you buy this Restaurant for Sale you will be the new owner of a fully established and operational business. The staff are seasoned and trained. The current owner is selling due to Retirement, after owning the location since 1996. He will stay on board after closing; however, to provide you with training. Contact your restaurant broker at We Sell Restaurants today to learn more about this fantastic opportunity. Interested Buyers will need to provide proof of funds / liquidity of $300,000 to receive details.
This is a Certified Pre-Owned Restaurant® the highest standard for restaurant listings. It has been reviewed by a Certified Restaurant Broker® and has verifiable Sellers’ Discretionary Earnings (SDE). It has been listed based on the strictest industry standards and if SBA lending is advertised, the business earnings qualify subject to Lender’s review & approval.
The Business Analysis Tool with the latest profit & loss information is available for immediate review by qualified buyers and has been evaluated based on industry guidelines for expense ratios.
The equipment in the store transfers free and clear of any liens subject to UCC Lien search by closing agent. If the space is leased, it is available for assignment, extensions, renewal or new agreement for qualified buyers and if the business is a franchise, it meets the criteria for transfer for assignment of the franchise.
The acquisition of a Certified Pre-Owned Restaurant® includes the services of a Certified Restaurant Broker® at no cost to the buyer.
Please click on the tab below to easily acknowledge confidentiality on this Restaurant for sale. For many business opportunities, you will immediately receive the name, address, photos, and most recent financials. If you have any questions, please contact Certified Restaurant Broker Steve Weinbaum at (770) 714-4552
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