Do You Want to Own One of Wilmington's Most Unique Bars?

Wilmington, NC
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Asking Price:$408,000
Gross Revenue:$555,000
Established Year:2022
Cash Flow:$108,000
Rent:$3,400/Month
BUSINESS DESCRIPTION

Very rare opportunity to own one of Wilmington's most unique bars! This beautiful space is located in one of Wilmington's hippest Districts, surrounded by numerous merchants, restaurants, coffee shops, art galleries and residences just off of one of Wilmington's highest-travelled corridors. This business already has a very loyal following that continues to increase. When driving by the business one cannot help but to be captivated by the beautiful outdoor patio space, the construction of the bar, and a very unique feature that we can only divulge after you sign an Non-Disclosure Agreement.

With knowledgeable staff willing to stay with the sale. This is an asset purchase to include the rights to the name/brand, trademark, receipts, furniture, fixtures, equipment and goodwill to include all website, social media, and vendor relationships.

To learn more about this exclusive offering, contact us for confidential discussions and explore the possibilities that await. All interested parties must sign a Non-Disclosure Agreement and be financially able to fund the purchase by showing proof of funds within their personal financial statement.


DETAILED INFORMATION
Location
Wilmington, NC
Inventory
Not Included in asking price
Real Estate
Leased
Lease Expiration
31/03/2032
Employees
4
Facilities
Beautifully designed space featuring very unique and eye-catching architectural elements.
Competition
With the tremendous growth in population in the Wilmington MSA the demand for more unique and upscale lounges continues to grow. The demand for outdoor environments did not decrease after the pandemic and this property offers extensive outdoor seating.
Financing
Some owner financing available.
Support & Training
Seller will be available for transitioning up to 30 days.
Reason for Selling
Owners are involved in several business and need more time to focus on those….as
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Terry
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Terry Espy