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Business for Sale Summary

Newer Steakhouse - 27331

Business Type: other eating & drinking places,restaurant/ cafes
Newer Steakhouse
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This business has received 38 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $600,000 Down Payment $275,000
Gross Revenues $1,820,000 Lease Remaining Register Free to View
Owner’s Cash Flow $542,000 Number of FT Employees Register Free to View


$275,000 Down and $325,000.00 @6% x 120 months

Business Description

Newer, must see, gourmet Steak house now available. Features Location, Location, Location... (30,000 people working within 5 miles, (means strong lunch and catering), and another 26,000 homes within the same radius Means Strong dinners as well. Along with Great food and service is an inspired design and build out with seating for 120 between indoor and out. 64/60 respectively. This, best in class, restaurant is Growing, at present, an astounding 30% week. This is expected to continue as this beautiful newer fine dining restaurant is the jewel of a fast growing and undeserved community. Sell open to selling out right or taking on a managing partner. Partner would be guaranteed $52,000.00 year plus commensurate to equity purchased net profit each week. Minimum Buy-in $250,000.00

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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.