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May 11, 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).
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