Restaurant Asset Sale w/ SBA Lien – Beautiful $400k Buildout – Taking Best Offer to Negotiate w/ SBA
The Good
- Great buildout that can accommodate many concepts designed by Chef-Owner
- Amazing location in the heart of busy retail/residential complex
- High-end, reliable commercial appliances
- Multiple 220v outlets
- Seller has capable chef available to work
- Seller willing to pass on original concept w/ customer data
The Bad
- All-cash transaction
- Currently closed (Closed in preparation for sale that fell through in escrow due to no fault of seller)
- No financials offered (irrelevant as operations have ceased and this is an asset sale)
- Existing SBA lien
As stated above, this business has a lien from the SBA for an EIDL loan. Acquisition of this business would require taking the best offer and negotiating with the SBA to take a short payoff and terminate the lien. This may be a process that takes some time, but you would be getting a great deal on a great buildout. Please fill out the contact form, sign the NDA, and you will receive additional information on the business, including a video walkthrough. Current best offer is $115k.
Listing Number:
Category:
Location:
Financial Information:
Gross Revenue:
Listed Price:
Down Payment:
Total Income:
Year Established:
Lease Information:
Square Feet:
Total Rent:
Lease Expiration:
Lease Options:
Asset Information:
Leasehold Improvements:
Equipment / Fixtures:
Inventory:
Other Assets:
Additional Information:
Full-Time Employees:
0
Part-Time Employees:
0
Special License Required:
Contract Staff:
Training Period:
Reason for Selling:
Hello World
First Choice Business Brokers
The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.
FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.
The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read First Choice Business Broker, Terms of Use before responding to any ad.
By clicking the button, you agree to First Choice Business Broker Terms of Use and Privacy Notice
Listing Number:
Category:
Location:
Listed Price:
Restaurant Asset Sale w/ SBA Lien – Beautiful $400k Buildout – Taking Best Offer to Negotiate w/ SBA
The Good
- Great buildout that can accommodate many concepts designed by Chef-Owner
- Amazing location in the heart of busy retail/residential complex
- High-end, reliable commercial appliances
- Multiple 220v outlets
- Seller has capable chef available to work
- Seller willing to pass on original concept w/ customer data
The Bad
- All-cash transaction
- Currently closed (Closed in preparation for sale that fell through in escrow due to no fault of seller)
- No financials offered (irrelevant as operations have ceased and this is an asset sale)
- Existing SBA lien
As stated above, this business has a lien from the SBA for an EIDL loan. Acquisition of this business would require taking the best offer and negotiating with the SBA to take a short payoff and terminate the lien. This may be a process that takes some time, but you would be getting a great deal on a great buildout. Please fill out the contact form, sign the NDA, and you will receive additional information on the business, including a video walkthrough. Current best offer is $115k.
Financial Information
Gross Revenue:
Listed Price:
Down Payment:
Total Income:
Year Established:
Lease Information
Square Feet:
Total Rent:
Lease Expiration:
Lease Options:
Asset Information
Leasehold Improvements:
Equipment / Fixtures:
Inventory:
Other Assets:
Additional Information
Full-Time Employees:
Part-Time Employees:
Special License Required:
Contract Staff:
Training Period:
Reason for Selling:
First Choice Business Brokers
The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.
FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.
The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read First Choice Business Broker,
Terms of Use before responding to any ad.
Navigation Links
© 2024 First Choice Business Brokers Fargo and the State of ND | Each office is independently owned and operated. | Privacy Policy