Tupelo Data Room
American Restaurants
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Established Franchise Family Restaurant - Greensboro, North Carolina

Greensboro, Guilford County, North Carolina, United States
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Asking Price$3.13m
Revenue$3.01m
EBITDA$482k
Cash Flow-
Description
This popular franchise restaurant is well-established in a busy section of downtown Greensboro, having been in operation about 20 years, and is consistently profitable. Its owner is ready to retire and looking for a new owner. The franchise is growing throughout the U.S. and is very popular with its customer base. The owner is mostly absentee, involved primarily with oversight of the business operations, financial management and facilities. The building and grounds are owned and are available for purchase (not included in the asking price for the business). The business is highly profitable, offering buyers a handsome full-time salary/investment return for limited part-time work (based on historical performance). All FF&E of the business is included in the asking price of the business. The asking price for the real estate is based on a recent appraisal and is less than the total amount the owner has invested in the property in the years since it was purchased, including acquisition cost, renovations, equipment and fixtures. Equipment and systems have been kept up to date consistent with a well-operated franchise restaurant offering online ordering and delivery options. The business has been qualified for financing with multiple lenders. Prospective buyers must have adequate funds available to fund at least 10% of the business purchase, a strong credit history, and experience in managing restaurant operations or very similar business experience. Significantly more equity will be required of a prospective purchaser interested in acquiring the real estate also. The owner is willing to lease the real estate to a well-qualified purchaser at market rate on a triple-net lease. Franchisor approval of the business sale and the new franchisee will be required.
Real Estate
$1.78mIncluded in Asking Price
Furniture Fixtures & Equipment
$150k
Inventory
$20kIncluded in Asking Price
Business is
Absentee Owner
Established Franchise
Reason Selling
Retirement
Support & Training
Owner will provide transition training and support consistent. In addition, franchise training will be required of the buyer, and the franchise offers significant ongoing operations support.
Financing Options
Prequalified for SBA financing and potentially conventional financing of real estate
Related Categories
American Restaurant for Sale
Business for Sale in North Carolina
Asking Price$3.13m