Business Overview:
Popular Private Greensboro Bar and Grill located in a desirable high traffic area.
Semi absentee with management in place.
$3500,000 in leasehold improvements, an addition, new plumbing, and electrical done this year.
$100,000 in new FFE (furnitures, fixtures, and equipment) included.
$120,000 in new kitchen equipment (landlord owned)
$7,000 in inventory is also included in the sale
9 years left on the lease with two 5 year renewable options
Asking price is $300,000 with $150,000 down.
Terms are seller note shall be amortized over 120 months with a monthly payment of $1,780.53. A balloon payment is due month 25.
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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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