Well Known Downtown Winston Salem Restaurant

Not Disclosed, NC
Forsyth County

Asking Price: Annual Revenue:
$400,000 $1,340,870

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Well Known Downtown Winston Salem Restaurant Broker: Joe Santora

Quick Facts

Asking Price: $400,000
Annual Revenue: $1,340,870
Net Profit: Not Disclosed
Cash Flow: $120,832
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 20008
Employees: 25
BBN Listing #: 392751612
Broker Reference #: 76761-765551

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Business Overview:

Well established and highly reviewed downtown Winston Salem restaurant

Rare free standing building with private off street parking

Restaurant has full liquor license and also provides banquet and catering services

Over $1 million in revenue the past 4 years

2018 projected SDE is $120,832.75

Clean financial records

Price reduced from $497,000 to $400,000

SBA loan pre-approved with as little as $112,420 down.

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Property Features and Assets:

Established in 2008.

Market Competition and Expansion:

One direct competitor opened a few years ago. Potential Growth Growth potential through increased catering and venue rentals, adding liquor sales, marketing, and advertising.

Reason for Selling:

Other business interests.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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