Bustling Beach Bar & Restaurant

New Hanover County, NC

Seller Financing Available

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Asking Price:$1,300,000
Gross Revenue:$1,240,785
FF&E:$75,000
Cash Flow:$207,760
Inventory:$20,000
Established Year:2012
BUSINESS DESCRIPTION

Seller Willing to Seller Finance the Right Buyer

Own a slice of paradise! This restaurant and bar boast breathtaking views and is loaded with opportunity and is potentially seller financed. It is in one of the rapidly growing coastal areas of Southeastern North Carolina. This restaurant has a strong history of profitability, and the seller is willing to seller finance a qualified buyer.

This fully turn-key operation is a dream opportunity for an entrepreneur seeking a lifestyle business in a stunning coastal location. The business has multiple revenue streams with room for growth. The current owner works as a semi-absentee owner.

This facility has a balanced blend of food and alcohol sales, giving a new owner the opportunity to focus on either direction that pairs with their strengths.

The real estate is available for long-term lease at a favorable rate. The seller is open for discussion about selling the facility now or down the road. Don't miss out—inquire today!


DETAILED INFORMATION
Location
New Hanover County, NC
Inventory
Included in asking price
Real Estate
Leased
Building SF
3,500
Employees
20
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
A restaurant and bar with a capacity for 150 guests with attractive outside seating. The seller owns the property and business and is open to selling it.
Competition
While located in a busy area of southeastern NC. The building and location allow it to stand out as a destination.
Growth & Expansion
Currently, minimal active marketing. Recently expanded fast service lunch options and have grown carry-out revenue.
Financing
$390K down/$910K over 120 mos. @ 7%.
Support & Training
Will train for 4 weeks @ $0 cost.
Reason for Selling
Owner is ready to retire.
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Ben Shaw