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Details - Information last confirmed on August 26, 2020
Popular Private Greensboro Bar and Grill located in a desirable high traffic area
Semi absentee with management in place
$3500,000 in leasehold improvements, an addition, new plumbing, and electrical done this year
$100,000 in new FFE (furnitures, fixtures, and equipment) included
$120,000 in new kitchen equipment (landlord owned)
$7,000 in inventory is also included in the sale
9 years left on the lease with two 5 year renewable options
Asking price reduced from to $250,000 cash offer or
$300,000 seller financed with $100,000 down .
Terms are seller note shall be amortized over 120 months with a monthly payment of $2,374.04. A balloon payment is due month 25 (will be eligible for SBA after 24 months).
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.