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Established Turnkey Nightclub with Absentee Ownership
North CarolinaListing DetailsOffice ID: BAR1
Status: Active
Listing Broker: Joe Vagnone
Listing Price: $340,000
Gross Revenue: $561,511
FF&E Included: Yes
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:
Seller will consider some financing to the right, qualified buyer.
Absentee Owner: Yes
Reason for Sale:
Owner pursuing other interests / investments
Training:
Seller will train / support a new owner - length of time & required salary is negotiable.
OperationsYear Established: 1999
Last Acquired: 2017
Form of Ownership: LLC
Employees (part-time): 5
Managers: 1
Business Hours: Monday – Friday, 4p – 2a, Saturday – Sunday, 1p – 2a
Summary
Historical Summary:
Where everybody knows your name..... One of the oldest, most established bars in the Lake Norman, NC area, this business is conveniently located in the heart of a great, upscale community on one of the busiest traffic areas in town. A great live music venue, this business is consistently profitable, with many regular patrons and is always welcoming new members! Veteran experienced and knowledgeable staff make this business the ideal business for a new, engaged owner. Listing Features:
  • Great relationship with the landlord - long-term lease with renew options
  • Great venue for live music
  • Outdoor area with walk-up bar
  • Trusted, dependable staff with many years' longevity
  • Absentee Ownership
Do not let this opportunity pass you by - Inquire Today!

Owner Qualifications:
People / management skills, marketing skills, media social media, build relationships with local businesses, reach out philanthropically to the community – does 6- 10 fundraisers per year, understand P&L and costs, financial skills, good relationship with the ALE.

Competition:
With many competitors in the market area, this business competes on the basis of offering more live music to patrons in a larger venue.
Potential Growth:
Growth potential is limited only to the creativity of a new owner.
LocationType of Location: Strip Center
Lease Expires: Jan 31, 2022
Option: 5 year renewable
Monthly Rent: $3,615
Square Footage: 2150
Facilities:

This business is located in a strip center with plenty of parking.


Last Updated: Jan 10, 2022 / 8:00 AM
Financial Information Current As Of: Dec 13, 2021 / 7:35 AM