Greensboro NC Steakhouse Restaurant For Sale
Greensboro, NC Guilford County
Seller's Contact Information
- RE: Greensboro NC Steakhouse Restaurant For Sale
- Contact: Steve Weinbaum
Quick Facts
| Asking Price: | $1,200,000 | |
| Annual Revenue: | $1,977,362 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $629,294 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1996 | |
| Employees: | 23 | |
| BBN Listing #: | 81238096 | |
| Broker Reference #: | 9337 |
Business Overview:
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 AROUND 2-TIMES DISCRETIONARY EARNINGS. 2021 and 2022 Owner Benefit of OVER $500,000. 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. By providing your phone number to We Sell Restaurants, you are agreeing to receive text notifications.
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Property Features and Assets:
43 Tables 150 chairs 16 bar stools 4 hoods 2 Rotisseries 2 six burners stoves 1 Ice machine 1 three glass doors refrigerator 2 Walk in cooler 1 Walk in freezer 4 Terminals Positouch system 1 Bludget oven 1 deep fryer 3 compartment cold salad bar Hoot bat Several art work Phillips Collection Well equipped full service bar with 2 refrigerators 1glass chiller Plates silverware glasses 1 espresso and cappuccino machine Bread warmer
Market Competition and Expansion:
One of the best and unique steakhouses in town. Greensboro is a fast growing area, 3rd largest city in NC. We have a great reputation and we attract customers from Raleigh and Charlotte as well since they are only about an hour away.
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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