Well Known Downtown Winston Salem Restaurant

Forsyth County, NC

Well Known Downtown Winston Salem Restaurant
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Asking Price: $400,000

Cash Flow: $120,832

Gross Revenue: $1,340,870

EBITDA: N/A

FF&E: $240,000

Inventory: $10,000

Rent: $13,771.69 /Month

Established: 2008

Well Known Downtown Winston Salem Restaurant

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Business Description

Well established and highly reviewed downtown Winston Salem restaurant

Rare free standing building with private off street parking

Restaurant has full liquor license and also provides banquet and catering services

Over $1 million in revenue the past 4 years

2018 projected SDE is $120,832.75

Clean financial records

Price reduced from $497,000 to $400,000

SBA loan pre-approved with as little as $112,420 down.

Detailed Information

Location:
Forsyth County, NC
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
10,000
Lease Expiration:
N/A
Employees:
25
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Established in 2008
Competition:
One direct competitor opened a few years ago.
Growth & Expansion:
Growth potential through increased catering and venue rentals, adding liquor sales, marketing, and advertising.
Support & Training:
2 weeks
Reason for Selling:
other business
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Joe Santora

Business Listed By:
Joe Santora

Transworld Business Advisors

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

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