Restaurant & Catering Business - SOLD
Location: New Bern NC
ID: (#200952)
Overview
Very successful restaurant and catering business located in New Bern, NC. Large dining room and ballroom with elevator access. Equipment for off-site catering up to 1000 people included in the sale. Managers and tenured staff in place. Current owner acts as GM, which is a part-time role, and has to be replaced. This business is located in a historic downtown building.
Real estate included in the sale (not included in asking price), latest appraisal $1,692,000
Cash Flow (SDE): owner salary added back, rent added back.
EBITDA: after expense for fair market rent and after estimated payment of salary for GM (replacement for owner)
This business has been pre-qualified by SBA lenders for the posted Asking Price.
Details
Reason for Selling:
Established:
Employees:
Furniture, Fixtures, and Equipment (FF&E):
All equipment, fixtures and furniture currently used in the business are included in the asking price.
Facilities:
Large building, recently appraised at $1,692,000, included in the sale but not included in the asking price.
Inventory:
Average food, liquor, beer and wine inventory in stock included in the asking price.
Competition:
No true competition in the area that can fulfill the same need in scale.
Opportunities for Growth:
Growing the catering through marketing and active business development.
Support and Training
Seller will be available for a reasonable transition and training period after Closing, subject to negotiation.
Broker Contact Information
- Regina Fisher
- North Carolina - Wilmington
- (910) 520-0737 Mobile
- (910) 520-0737 Office
- (910) 623 9033 Fax
- regina@bristol.group
-
Appointment Only:
- NC #282486
- North Carolina - Wilmington
- By Appointment Only
- 1314 Culbreth Dr
- Wilmington, North Carolina 28405
- Real Estate Broker: NC #282486