Long Running Restaurant & Sports Bar - 500K Cash Flow

Charlotte, NC

Seller Financing Available

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Asking Price:$1,650,000
Gross Revenue:$3,600,000
Rent:$15,000
FF&E:$200,000
Cash Flow:$500,000
Inventory:$30,000
EBITDA:$500,000
Established Year:2014
BUSINESS DESCRIPTION

Operating for nearly a decade, this long-standing restaurant and sports bar dominates the market in this local Charlotte suburb. Current ownership, however, is ready to cash in their chips and pass the torch onto the next operator looking to ride this investment for the next decade.

You won't find a cleaner set of books with provable annual cash flow north of 500K. And you won't find a more competitive lease anywhere in the CLT area. This one is locked in at well-below market rates for the next decade and beyond. Fully staffed with management in place, the next operator is set up to enjoy a host of benefits.

This place isn't doing $3.6MM by accident. Ownership has created a masterpiece here that continues to wow patrons over and over again. Operating in a very affluent suburb of CLT, this is the Cheers of the community. It's where the family enjoys an outing on a Saturday evening. And it's where fans from all over come to enjoy every major sporting event - from NFL to NBA to MMA, there are TV's strategically placed all over so that no one misses the final shot, the winning field goal or the next legendary knock out.

Here's the specs ...

Annual Revenue - $3.65MM
Annual Owner Benefits - $500K
Rent - $15,000/Month All In (more than a decade remains)
Full Management In Place - Just Needs A New Captain

To schedule a confidential review of this and other F&B businesses across the CLT metro, contact Scott Lee or Sherman Walters @ National Restaurant Properties.


DETAILED INFORMATION
Location
Charlotte, NC
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
7,500
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Strip Center Plenty of Parking Over $1MM in assets & build-out Well-equipped kitchen Top-notch bar & dining room design
Competition
There is no competition. This concept dominates the local market.
Growth & Expansion
Area continues to grow with new residential on every empty lot Sales trending up approximately 15% in 2024
Financing
SBA Financing Package Available w/ 15% Down Payment
Support & Training
Yes - Owner will train in business operations after closing
Reason for Selling
Other Business Investments
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