Prime Elm St. Restaurant/ Bar Opportunity

Greensboro, NC (Guilford County)

Seller Financing Available
Prime Elm St. Restaurant/ Bar Opportunity
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Asking Price: Get Financing: $95,000

Cash Flow: $30,000

Gross Revenue: $300,000

EBITDA: N/A

FF&E: $120,000

Inventory: N/A

Lease Rate: $5,000 /Month

Established: 2014

Prime Elm St. Restaurant/ Bar Opportunity

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Business Description

A complete turnkey restaurant/bar in the heart of downtown Greensboro, NC on Elm St.
Everything is in place to succeed except a new name and concept, as the owner wants to retain name, recipes and decor from the existing (and still running) business. This is an exceptional set-up for someone who has a new concept or would like another location for an existing concept.

Excellent building and facilities--3,000 sq. ft. and $5,000 rent uncommonly includes electricity, water & Common Area Maintenance (CAM), even dumpster service. 5-year renewal options available on the lease which expires in March 2019.
The beautiful space has twenty foot high ceilings, an irreplaceable beautiful 100-year old floor and very attractive bar area and is in top condition throughout, with a history of 99 pt. health ratings. The kitchen is loaded with basically anything one would need for any concept.

More details, including photos provided with a signed Confidentiality Agreement.

Truly a wonderful and rare situation in the thriving Greensboro Downtown.

Detailed Information

Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
3/31/2019
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Beautiful high-ceilinged space with vintage floor and expensive bar area. Fully-equipped kitchen--everything you will need. Brand new large bathrooms and plenty of parking, and plenty of foot traffic.
Competition:
Downtown Greensboro continues to thrive and grow as a major destination location with lots of new businesses, housing and dynamic activity occurring.
Growth & Expansion:
Up to new owner.
Financing:
Seller will finance with 60% down
Support & Training:
Two weeks included in the sale if needed. But being a new concept will be brought in, less time is probably needed.
Reason for Selling:
Health of Owner/Chef
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(from currently available funds)
 
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BROKERAGE HOUSE

Business Listed By:
Ben Haines

BH Business Brokers Mergers and Acquisitions

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