Greensboro, NC (Guilford County)

Must close in 2018!!

Asking Price:$40,000

Gross Revenue:$450,000

Lease Rate: $4,200 / Month

Business Description

Highly coveted Triad area (“Greensboro–Winston-Salem–High Point”) location!

This established Mediterranean restaurant is located in the heart of Greensboro’s social, business, and restaurant district, and offers award winning specialty dishes. The estimated gross revenue is approximately $450,000. Monthly lease rate is $4,200 and it includes water, electricity, trash, pest control, and cleaning of grease trap. The restrooms are newly renovated and maintained by the landlord. The restaurant is equipped with a commercial hood, walk-in-freezer, walk-in-cooler, grill, fryers, ovens, ice-machine, buffet supplies and equipment, and grease trap. It has a seating capacity of up to 100 inside and 15 outside. Ample amenities and parking. The restaurant is profitable but the owner wants to downsize for health reasons.

Greensboro is the 3rd-most populous city in North Carolina, and the county seat and largest city in Guilford County and the surrounding Piedmont Triad metropolitan region with an estimated population of over 285,342. Great city to move to or to start a new business!

Motivated seller! Great deal, won’t last! For more information, or to list your business for sale, contact Madhur Gupta at 919 428 9840.

***The information in this listing has been provided by the business seller, and is subject to change without notice. Buyer must independently verify any of the information about the business, and we assume no responsibility for its accuracy or completeness.***


Detailed Information

Inventory: Included in asking price
Real Estate: Leased
Building SF: +/- 2,700
Lease Expiration: N/A
Competition: Unique concept. Low competition.
Growth & Expansion: New owner can add alcohol, live music / dance, or other entertainment to further increase foot traffic and sales.
Financing: Seller financing may be available to qualified buyer.
Support & Training: 1-2 weeks training
Reason for Selling: Health

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