Established Turnkey Nightclub with Absentee Ownership

Summary Information

Internal ID:
Price:
Total Sales:

Seller Discretionary Earnings:

Industry:
Year Established:

Listing Status:

BAR1

$340,000

$561,511

$78,430

Night Clubs and Theaters
1999

Active

Summary

Description:

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
The cash flow average is approximately $140,000 per year. Before and now after COVID-19, this business is continuing to cash flow at $140,000 with absentee ownership. Do not let this opportunity pass you by - Inquire Today!

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. This business was established in 1999.

Growth and Expansion:

Growth potential is limited only to the creativity of a new owner.

Location

Location:

Facilities Type:

Monthly Rent:

Building Square Feet:
Facilities Description:

Mecklenburg County, NC

Strip Center

$3,615

2,150

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

Labor

Part-time Employees:

6

LISTING BROKER

Joe Vagnone

Joe Vagnone
REAL ESTATE TRANSACTION HANDLED BY

2009 Caminos Drive
Raleigh, NC 27607

Summary Information

Internal ID: BAR1
Price: $340,000
Total Sales: $561,511

Seller Discretionary Earnings: $78,430

Industry: Night Clubs and Theaters
Year Established: 1999

Listing Status: Active

Summary

Description:

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
The cash flow average is approximately $140,000 per year. Before and now after COVID-19, this business is continuing to cash flow at $140,000 with absentee ownership. Do not let this opportunity pass you by - Inquire Today!

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. This business was established in 1999.


Growth and Expansion:

Growth potential is limited only to the creativity of a new owner.

Location

Location: Mecklenburg County, NC

Facilities Type: Strip Center

Monthly Rent: $3,615

Building Square Feet: 2,150
Facilities Description:

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

Labor

Part-time Employees: 6

LISTING BROKER

Joe Vagnone

Joe Vagnone
REAL ESTATE TRANSACTION HANDLED BY

2009 Caminos Drive
Raleigh, NC 27607