Full Service Restaurant & Bar - Great Opportunity!
North CarolinaListing DetailsOffice ID: RESTBAR1
Listing Broker: Joe Vagnone
Listing Price: $250,000
Gross Revenue: $735,160
FF&E Included: Yes
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:The owner will consider some financing to the right, qualified buyer.
Reason for Sale:
Time consuming: this is a 2nd location for the seller, and owning this location is consuming too much of the owner’s time.
Training:The franchise has a 10-week training period for all new owners.
OperationsYear Established: 2018
Form of Ownership: LLC
Employees (full-time): 8
Employees (part-time): 17
Business Hours: 7 am – 3 pm, 7 Days Per Week
Serving breakfast and lunch to area residents since February 2018, this established, well run, turn key restaurant & bar is a fantastic opportunity to own and operate a full-service restaurant in a fast growing market. The small-town appeal and exceptional food and service make this restaurant exceptional in the area.
Business has proven to be consistent, with about 50 regular family patrons, and serves an average of about 250 people per day. Serving quality, fresh-made food, this restaurant boasts a more upscale clientele and caters to special needs food service.
Located in South Iredell County in the Lake Norman area, there is great potential to grow and expand this business. Do not miss the opportunity to own this restaurant – inquire today!
Historical Summary:This full service restaurant / bar opened in February 2018, and has become very popular in the area where it is located.
Payroll and Bookkeeping, Marketing, and General Knowledge of Restaurant Management.
Competition:With 2 main competitors in the immediate area, this business competes on the basis of better quality, fresh-made food, more upscale clientele, and caters to special needs food preparation (serves glutton-free foods).
Potential Growth:The potential growth of this restaurant is limited only to the skill and management of a new owner. This business is located in one of the fastest growing markets in the USA.
LocationType of Location: Strip Center
Lease Expires: Jan 1, 2018
Option: 5 year renewal
Monthly Rent: $6,300
Square Footage: 3000
This business is located in a down-town area, in a building with 3,000 sf of space.
Royalty %: 6% Weekly
--Paid By: Buyer
--Paid By: Buyer
Last Updated: Jan 28, 2021 / 4:17 PM
Financial Information Current As Of: Apr 8, 2019 / 2:55 PM