Restaurant/Bar For Sale in Fayetteville

Cumberland County, NC
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Asking Price:$1,950,000
Established Year:2005
Gross Revenue:$825,000
BUSINESS DESCRIPTION

The subject property is a 9,176 sq. ft. (450 capacity) restaurant/event property that consists of a a large main event space with wraparound bar, dining room, a private event space with bar, fully equipped kitchen in excellent condition, outside patio area with bar (1,587 sq. ft.), and a large parking lot (145 surface spaces), and many other desirable characteristics. The traffic count is 23,480 VPD.

The subject property is located in the Southwest Fayetteville Submarket, one and one-quarter miles (1.25 miles) from the nearest entrance to Fort Liberty. In addition to the surrounding subdivisions, Fort Liberty provides an excellent retail customer pool. As the world's largest military installation in terms of population, Fort Liberty houses a staggering 43,000 active-duty troops and serves nearly 70,000 active-duty family members, 11,000+ civilian employees, and 5,000+ contractors.

The subject property is also located one (1) mile from the All-American Freeway and two (2) miles from I-295, also known as the Fayetteville Outer Loop, providing the customers convenient access to the property and major roads in and around Fayetteville. For more information, see the Executive Summary Demographics and Business Summary Demographics are enclosed below. Fayetteville, NC, is the seat of Cumberland County and serves as economic and cultural hub of southeastern North Carolina, mainly due to the $8.8 billion economic stimulus that Fort Liberty provides for the region.


DETAILED INFORMATION
Location
Cumberland County, NC
Inventory
Not Included in asking price
Real Estate
Owned
Building SF
9,176
Employees
25
Support & Training
Owner is willing to give onsite training purposes for 30 days and will provide phone support for several months as needed.
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Grant-Murray
Real Estate LLC
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Grant-Murray Real Estate LLC