Once in a Lifetime Opportunity to Own a Nationally Recognized Restaurant
About this business for saleOnce in a Lifetime Opportunity to Own a Nationally Recognized Restaurant
For over 40 years this nationally acclaimed restaurant has set the standard for southern cooking in the Triangle. Families, business people, celebrities, and international travelers all dine at this restaurant to get a sense of true southern cooking. This business is set up to quickly expand into catering and acquire a full liquor license. The building is well maintained and situated on a prime downtown lot that features ample parking making this establishment a true destination of choice. This is a once in a lifetime opportunity to acquire a nationally acclaimed restaurant with a long track record of profitability and take it to the next level! The current owners are ready to retire and hand over this goldmine to someone that wants to expand and keep the tradition going. The property alone is worth over $1,000,000 to be sold along with the business for a total of $1,600,000 making this a prime candidate for favorable SBA terms.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.