Greensboro NC Steakhouse Restaurant for Sale

Greensboro, NC
Guilford County


Asking Price: Annual Revenue:
$1,200,000 $1,977,362

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Greensboro NC Steakhouse Restaurant for Sale Broker: 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

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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 LESS THAN 2-TIMES DISCRETIONARY EARNINGS. 2021 Owner Benefit exceeded $600,000. 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 $600,000. 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.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

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.
  • The owner is not 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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