Nationally Acclaimed Restaurant
About this business for saleNationally Acclaimed Restaurant
Nationally acclaimed restaurant serving Southern favorites to a loyal customer base in the Triangle for more than 40 years. Sold with this Culinary Experience, is a well maintained, fully equipped building situated on a prime downtown lot that features ample parking making this establishment a destination of choice. A stable history of financial performance, combined with the Chef’s willingness to remain and lead, the existing staff makes for a smooth transition to new ownership. This is a once in a life time opportunity to acquire a nationally acclaimed restaurant with a long track record of profitability and take it to the next level! SDE: $287,975. Reason for sale is owner retirement. Property worth $1,100,000 is 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.