Turnkey Taproom in Iconic Location - Incredible Opportunity!
North CarolinaListing DetailsOffice ID: BEER1
Listing Broker: Joe Vagnone
Gross Revenue: $56,000
FF&E Included: Yes
Sale Price: $163,000
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:All legitimate, reasonable offers for this business will be considered. The seller will consider financing to the right, qualified buyer.
Absentee Owner: Yes
Reason for Sale:Current owner is an absentee owner, and feels that the business needs a good, engaged owner/operator to make it successful.
Training:The current General Manager will stay to train a new owner. Length of time is negotiable.
OperationsYear Established: 2018
Form of Ownership: LLC
Employees (full-time): 2
Employees (part-time): 9
Business Hours: Mon–Thurs 4-11 p.m., Fri 3 p.m.-Midnight, Sat 11 a.m. to Midnight, Sun 12 p.m.-10 p.m.
Business Description:Since opening in late 2018 in an iconic, upscale location of Charlotte, this independently owned and operated turnkey business continues to grow in popularity with local residents. Fully equipped with the latest self-serve technology and a massive 7,000 SF of space with great parking, this business can handle any sales volume. With average sales revenues of $56,000 since opening, the growth potential of this business is unlimited and ready for a new owner / operator - and major sales! The 7,000 SF of space can host up to 250 people, and is available for special events. With a large projection screen, state of the art sound system and 8 televisions in place (a patron is able to view a tvfrom any seat in the taproom!), this has become a popular place for corporate events. The space can further be maximized with the addition of a commercial kitchen and a good food service menu added, which has the potential to add upwards of 45%% to sales. With other cost cutting measures, a new owner / operator could save a further approximately $100,000 per year.
Unable to effectively operate the business from across the country, the present owner must sell, and all reasonable offers will be taken seriously. Don’t miss this opportunity to own and operate the largest self-serve taproom in the USA!
Historical Summary:Current owner opened the business in late 2018.
Understanding of the Charlotte Market, understand the technology, how the business runs, how to market to the Charlotte market – networking, and basic business skills
Competition:With many competitors in the market area, this business competes on the basis of offering a larger space, a larger selection of craft beers, ciders and sours, and has Beer Tenders, and whose customer service is pristine, making patrons comfortable a top priority.
Potential Growth:Growth potential is virtually unlimited with a fully engaged owner / operator.
LocationType of Location: Stand Alone
Lease Expires: Jan 1, 2028
Monthly Rent: $18,100
Square Footage: 6900
This business is a stand-alone, 6,900 SF building in an iconic area
Last Updated: Jan 15, 2020 / 3:10 PM
Financial Information Current As Of: Oct 17, 2019 / 4:39 PM