Listing ID: 200952
Location: New Bern NC
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._x000D__x000D_
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Real estate included in the sale (not included in asking price), latest appraisal $1,692,000_x000D__x000D_
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Cash Flow (SDE): owner salary added back, rent added back._x000D__x000D_
EBITDA: after expense for fair market rent and after estimated payment of salary for GM (replacement for owner)_x000D__x000D_
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This business has been pre-qualified by SBA lenders for the posted Asking Price.
Retirement
Large building, recently appraised at $1,692,000, included in the sale but not included in the asking price.
Seller will be available for a reasonable transition and training period after Closing, subject to negotiation.
No true competition in the area that can fulfill the same need in scale.
Growing the catering through marketing and active business development.
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._x000D__x000D_
_x000D__x000D_
Real estate included in the sale (not included in asking price), latest appraisal $1,692,000_x000D__x000D_
_x000D__x000D_
Cash Flow (SDE): owner salary added back, rent added back._x000D__x000D_
EBITDA: after expense for fair market rent and after estimated payment of salary for GM (replacement for owner)_x000D__x000D_
_x000D__x000D_
This business has been pre-qualified by SBA lenders for the posted Asking Price.
Retirement
Large building, recently appraised at $1,692,000, included in the sale but not included in the asking price.
Seller will be available for a reasonable transition and training period after Closing, subject to negotiation.
No true competition in the area that can fulfill the same need in scale.
Growing the catering through marketing and active business development.