Contact Broker
4201 Stuart Andrew Blvd, J
Charlotte, North Carolina 28217
(View Map)
About the Company
Sherman is CEO of National Restaurant Properties, the only full-service commercial real estate & business consulting firm in the Carolinas, as well as Bread N Butter Restaurant Strategies.
National Restaurant Properties has been helping bar & restaurant operators sell their F&B businesses since 1969. Sherman joined the firm in 2008. He and his family were Dairy Queen franchisees in the Charlotte area. Since, he has developed relationships with industry leaders and start ups all over North & South Carolina and has earned a reputation as an honest broker who fights for both his clients, as well as the F&B industry.
Sherman has worked with and advised business owners and brands from the High Country of NC to the Low Country of SC. While his list of accomplishments and successful clients is vast, his core passion is simple - respect the people that shape the F&B industry, whether their journey is just starting or they own 50 units.
Broker Biography
Introduction
20+ years in operations and 17+ years in brokerage.
Services Provided
Restaurant and food service business sales
Commercial property sales
Investment properties
Commercial leasing
Design & Construction
F&B Business Operations Consulting
Areas Served
Professional Affiliations
Appalachian State University
Business For Sale Listings
Cash Flow: $320,000
Charlotte, NC
View Details Chef-Inspired Italian Restaurant & Pizzeria
National Restaurant Properties presents this chef-inspired and family-operated Italian Restaurant & Pizzeria for sale in the Cabarrus County market, just north of Charlotte. This old-school joint brings the New York vibes, culture and taste to this suburb of Charlotte, and the owners have been well-rewarded for their efforts and consistency by the local community. You won't find a spot with a better established reputation - been going strong from day one over a decade ago and hasn't slowed. The owners have reached that point of looking for the exit door that leads to the golden days of front porch sitting and grandbaby kissing, also known as retirement. We are looking for the operator that is equipped to step into this existing restaurant business, appreciate the value that it already brings to the community, but also recognize areas that could gradually be modernized without loosing that original feel. With nearly $1.5MM in Less
Cash Flow: $325,000
Charlotte, NC
View Details Cocktail Lounge & Kitchen - 325K Annual Revenue
This thriving cocktail lounge generates more revenue on a limited 4-day/week dinner only schedule that other spots in town with double the rent expense. This is a ripe opportunity for a local restaurant group to take over or an experienced operator that understands the elements of night-life programming & operations. Long term lease in place = current lease expires in 2032 and includes two additional 5-year options. So the location is locked down under a very favorable term for 16+ more years. Currently only $24 PSF, compared to other areas at $45-$55 PSF. Contact National Restaurant Properties to explore this and other F&B business opportunities across the Carolinas. Less
Charlotte, NC
View Details Fine Dining Italian Bistro - South CLT Suburb
This quaint Italian Bistro has a well-earned reputation after over a decade in business. Known locally as the THE date night spot in this suburb community just outside of the Charlotte-Mecklenburg limits. With nearly $1MM in annual revenue and an occupancy cost around 6%, the chef owner is looking to retire after a very successful run in the industry. This is an opportunity for the local chef that is looking for an established business and brand already running, with a reasonable 5-day work week, in a community that is just small enough to get to know your customers by name, but with the amenities of a major metropolitan market.Included in the asset package ... An overly-impressive ambianceA small & efficient kitchen package with a 16-foot hoodFull line of equipment + expoFull barA coffee & dessert barInterior seating package for 60+Patio seating package for 24+Currently putting less than 10% to the bottom line due to owner's Less
Charlotte, NC
View Details NODA Key-Money Restaurant & Bar
KEY-MONEY RESTAURANT/BAR IN HEART OF NODAThis is one of the more impressive and immaculate build-outs in the NODA market. Within walking range of the NODA light rail station and in a mixed-use development that offers a great mix of supporting tenants. And an interior + patio space that creates an ambiance that rivals anything else in the area. Current owners are restructuring and consolidating their operations, thus offering this space up for a brand looking to make an entry into one of CLT’s most in-demand culinary markets. Included in the asset package is a great outdoor patio space, an impeccable bar, and a kitchen that was designed by one of the area’s most recognized chefs. A multitude of concepts would play well here. If you’ve been looking for a spot in the NODA District to stake your brand’s flag, this 2nd Generation opportunity should be on your list of options. Priced at roughly a 1/3 of replacement cost with a very Less
Charlotte, NC
View Details Blue Line Special - QSR Key-Money Deal on CLT's Light Rail Line
QSR Key Money Deal on CLT’s Blue LineThis turn-key restaurant acquisition is a ripe opportunity for another local brand looking to capitalize on one of the Blue Line’s busiest hubs. After a successful 6-year run, current ownership is consolidating and restructuring its local footprint in the market. A brand and menu with an urban flair that caters to the local UNC Charlotte student community, as well as urban commuters connecting to Uptown, will be positioned well here. This development has a mix of restaurant and service-oriented tenants that create a unique hub of activity from morning till night. The light rail station serves both commuters and local residents – with pedestrian links to both UNC Charlotte’s student population and the Shoppes @ University Place. Plus, an 800-space parking structure that provides easy access for 3rd party delivery Less
Cash Flow: $180,000
Charlotte, NC Agent: Anthony Deresh
View Details Brand New South CLT Pizzeria Key-Money Deal
Turn-Key $1MM Pizzeria In Prime South CLT Location19 Years of Termed-Out Lease RemainsThe owners of this pizzeria brand opened this shop just over a year ago with a brand new build-out. Unfortunate circumstances however have put them in a position of needing to downsize their operation. Everything goes except the name. Do a simple re-brand and with a fresh coat of paint + a food order, you're in business within a few weeks. Aside from the brand new build-out package, you'll be the beneficiary of 19 years remaining on a lease with terms defined for all of the 19 years. 9 years remain on the first term + two 5-year options. Brand New, Top Quality Kitchen Equipment24-Foot Hood System for Maximum ProductionPrime South CLT Real EstateSurrounded by new residential & commercial developments, with more growth on the wayTurn-Key and ready for immediate operationThis Less
Charlotte, NC
View Details Craft Italian QSR Market & Bar
Craft Italian Fast Casual Market & Bar - Urban CLT LocationThis craft Italian Market pumps out some of the most unique and original blends of pastas, pizzas, salads & sandwiches in a fast-casual environment that caters to all day parts and has a thriving online presence with well above-average delivery & online ordering revenues What Chipotle did for Mexican, this brand with broad marketing capabilities can do for Italian. The same way Chipotle brought craft to Mexican fare, this brand brings craft to Italian fare. When you walk in the doors of this place, you'll realize that every element was meticulously put together with the eye of a true creative. And that the kitchen design is flawless with every aspect designed with efficiency and speed in mind - with systems that create consistency through every proprietary recipe that was imagined by some of the brightest minds in the industry. If you've been looking for the next up & Less
Charlotte, NC
View Details Turn-Key Fast Casual Restaurant - Rock Hill, SC
Bring Your Own Concept!Key-Money Acquisition OpportunityThe owners invested over 700K into this restaurant space just over a year ago. But due to circumstances, they are offering the space for a fraction of what it would cost to replace. Heavy retail corridor of Rock Hill, SC. The owners of this fast casual franchise brand hit a homerun with their first location in Charlotte. Then boldly expanded into the Rock Hill market shortly thereafter. Unfortunate health issues and circumstances however, have greatly affected their operations capabilities. And they never have been able to focus on this location since they opened. Their unfortunate circumstances are your opportunity though. Bring your brand to one of the most desired suburb markets surrounding the CLT metro area. Rock Hill is on everyone's radar now due to significant growth over the past decade. No other CLT suburb has invested more into strategic growth than Rock Hill. Less
Cash Flow: $200,000
Charlotte, NC
View Details Liquor Store For Sale - York County SC
York County SC Liquor Store For SaleIt's often said that selling spirits is the 2nd oldest profession ... in good times and in bad times, this is an industry that flourishes and is resilient against nearly any economical circumstance. When times are tough, people drink. When times are good, people drink. When times are so so, people drink. It's the 2nd oldest commodity in the world. This is your opportunity to jump into this recession-proof business model. In a market with one of the most sought-after demographics in the entire CLT market. Everything is here that you need to get rolling. Roughly 100K of inventory, NOT included in purchase price. Lease is in place long-term. 6 years remain with 10 years of renewal options. For more information, contact National Restaurant Properties. Less
Cash Flow: $140,000
Greensboro, NC Agent: Sherman Walters
View Details Two-Unit Triad-Area Froyo & Dessert Concept
Over the past 8 years, ownership has increased revenues year over year ... and 2025 is seeing drastic gains again due to a few tweaks of the business model over the past 12 months. So the next owner is poised to capitalize on these moves ... and the Summer season is just kicking into gear so where those gains land is still somewhat of a mystery, but trending in the 10% + range thus far for 2025.Even with these gains, this has still been a limited time investment for the current owners. They have other businesses that occupy their time and they'd like to devote more attention to ... but would also like to find a party that is capable of taking what they've built here and giving it much more focus, The branding and business model are set up for success ... but they'd love to find someone that has more time and energy to devote to this business and see it reach new heights.The missing ingredient in their opinion is someone that Less
Charlotte, NC Agent: Anthony Deresh
View Details Low Rent Restaurant Acquisition - West Lake Norman NC
If you've been looking for an opportunity to get into a reasonable 2nd Generation restaurant space in the Lake Norman area, here is an opportunity to take over the lease and assets of this small spot on the West Side of Lake Norman in Denver NC. Current ownership wants to take their business back to its Food Truck roots that made them so popular in the area. Set up perfectly for the start-up concept that is looking for a well-equipped space to launch their concept without the heavy lease and start-up costs in a more urban market like Charlotte. A spot that gives you a good demographic of hungry mouths to feed without breaking the bank. Shopping center exclusives include ... Burger King, Subway and Chinese Take OutFor more information, contact Anthony Deresh, our Lake Norman specialist. Less
Cash Flow: $102,000
Greensboro, NC Agent: Neil Hawver
View Details 2-Unit Ice Cream, Yogurt & Dessert Concept
Over the past 8 years, current ownership has increased revenues YOY on the way to building one of the most recognized independent brands in the area. But if you've got an eye towards something you can build on and ultimately franchise yourself, this is definitely worth a glance. What this brand needs to be even more profitable is an owner that has the capability of being much more involved and the time to invest in the details that matter - creating a culture, building a vibe, and creating systems that are going to be the key to growing this brand more deeply into and beyond the Triad market.Current ownership here has created something that is buzz-brand worthy and what they have done is to be congratulated. But it now needs different leadership at the helm that can really dive into the day-to-day and create the footprint in the community that it deserves. Each unit is 1,500 roughly square feet - and combined rents are Less
Charlotte, NC
View Details Catering Kitchen Facility with Real Estate
This is an extremely rare opportunity to acquire a 3,150SF commissary kitchen facility with real estate in North Charlotte with a sizeable roster of tenants in place - providing a steady flow of monthly rental income. There's a little more to the story though - the owner has used this facility as a breeding ground for foodie entrepreneurs, in addition to operating his successful catering business. This is not only an investment opportunity - it is an opportunity to pay it forward if you're one that has years of business operations experience and would like to continue that tradition.Current tenant roster includes food manufacturing, baked goods, catering, and multiple food trucks - and with the demand for commercial kitchen space at an all time high, there's a constant waiting list of potential replacement tenants. Monthly Rental Income: $7,000/month Less
Mooresville, NC
View Details Key Money Acquisition Opportunity - Field of Greens
Located in the very popular Brawley School Road section of Mooresville NC is this2nd Generation restaurant acquisition opportunity.Field of Greens has operated here since 2020, alongside other area restaurants – Tacos 4 Life, Brooklyn Boys Pizza, Blue Sta Grill, Joel’s Asian Grill, Great Wok Chinese, Starbucks, Hop Town Brewing & Good Eats & Sweets.The brand however has run its course, and the owners are offering this spot for a bargain price of only $130,000.With an open kitchen design this 1,542SF +/- includes an 8-foot Type-2 hood system, a deli/sandwich shop would be an ideal conversion target.To schedule a confidential review of this and other F&B business opportunities across the Charlotte region, contact Anthony Deresh (Anthony@BreadNButterInc.com) at National Restaurant Properties. Less
Charlotte, NC Agent: Neil Hawver
View Details Pizza & Pub For Sale In Cabbarus County NC
This Pub & Pizzeria was completely overhauled & remodeled just over a year ago … a gem of a deal for the next operator to walk into a ready to go and “just out of the box” pizza restaurant with an established clientele in place. The current owner purchased this restaurant in 2023, then proceeded to reinvest into the infrastructure and launch a new brand. He’s decided however that retirement looks like a much better option for him after many years in the industry. Ready for a Pizza-Preneur to take advantage of the investment he’s made into the space but give the place an identity and personality behind the counter. Everything else is in place. Equipment package includes: a 20’ Hood, pizza oven, indoor seating package for 38 + an outdoor patio seating package for 28, multiple large-screen TV’s, Spot On POS system, 6-tap keg cooler, walk-in cooler, and all kitchen line equipment. Contact Neil Hawver at National Restaurant Less
Greensboro, NC
View Details Legendary Pizza Brand in Greensboro
National Restaurant Properties is please to present this opportunity to purchase one of Greensboro's most legendary pizza shop brands. This pizzeria has been operating in Greensboro for over 4 decades. For 40+ years they've been serving up some of the best pies in the whole Triad area. Nothing spectacular about the decor ... just a good old school pizzeria. Today though the owners are retiring and searching for someone to take control of this iconic joint. The only thing required of the new operator is to take the reins, gradually implement newer technologies into the biz and keep things rolling for another 20+ years.Located in the heart of Greensboro and the greater Triad, there's a close-by university and a great deal of residential growth that provides opportunity for significant over the next few years.Contact Theresa Faulkner at National Restaurant Properties to discuss this and other F&B business opportunities across the Less
Charlotte, NC Agent: Sherman Walters
View Details Mattie's Diner For Sale - Charlotte NC
Vintage Jersey-Style Restaurant For SaleRevive this legendary brand or take over the assets and bring your own brand. This vintage Jersey-style greasy spoon offers one of the most eclectic vibes - in ambiance & customer base. You'll find everyone from the blue collar mechanic to the white collar bank executive breaking bread together over a Coke and a smile. The current owner has decided to move on for personal reasons and to focus on developing another brand, offering this business to the next operator with the verve and creativity to continue the current vibe - but also to create a new energy that will carry this business into the next decade and beyond. The current brand brought an old-school Jersey=style diner menu to the masses. But the operator that has a slightly different vision to add beer, wine and cocktails could leverage the existing brand identity to reinvent this business and add $500,000 or more to the top Less
Charlotte, NC
View Details BYO Concept - South Charlotte Restaurant & Bar Key-Money Opportunity
Pleased to present this key-money opportunity in a prominent South Charlotte retail center.Current ownership is moving onto other endeavors and looking to offer this business opportunity to the next up & coming restauranteur. This is a unique opportunity to acquire a key-money location in one of Charlotte's most desirable areas. With a demographic showing average household income of $200,000, this is an area that has expendable income with a palate that appreciates a creative cuisine. The infrastructure here is very impressive - beautiful dining room, well-equipped commercial kitchen with a 12-foot hood. Only small cosmetic upgrades will be needed to make this place your own. Contact National Restaurant Properties to schedule a confidential discussion about this and other F&B business opportunities across the region. Less
Cash Flow: $275,000
Charlotte, NC
View Details Fort Mill SC Asian Fusion Bistro & Sushi
South Charlotte Asian Fusion Bistro & Sushi Restaurant For SaleThis South CLT Asian Bistro has been going strong now for more than a decade.With just under $2MM in annual revenue and 275K in annual cash flow, it shows no signs of slowing down - especially considering that it sits in the middle of one of the hottest residential markets in the entire Charlotte metro market.Contact Scott Lee or Sherman Walters for more information about this or any other F&B business opportunities throughout the Carolinas. Less
Charlotte, NC
View Details Full Service Italian Restaurant - 5 Nights/ Week
Proven Hot SpotThis key-money opportunity sits in one of Charlotte's proven hot spots - a high level demographic residential community tucked away in one of the area's historic districts. Couple that with a high-profile center and an under-market lease rate and this is set to be a perennial money maker. The hands-on owner has nurtured this business with great care over the years and built a strong, loyal customer base with the surrounding community. Only open for dinner 5 nights/week with a superior menu, the owner is now looking forward to a well-deserved retirement.Located in an eclectic shopping center & flanked by other popular restaurants, this location attracts a wide range of customers. The dining room boasts a refined and elegant atmosphere that includes an immaculate full bar, upscale dining room package and a warm, friendly ambiance. The kitchen includes a walk-in cooler, freezer, large hood and gas burner stoves. Less
Cash Flow: $140,000
Charlotte, NC
View Details Award-Winning Brewery w/ Multiple Real Estate Parcels
Award-Winning Brewery - Downtown Suburb of CLTIncludes 2.5 Acres (8 parcels) of Developable Real Estate(Zoned Commercial, Residential & Industrial)Boost the Production of Your Established Brewery Brand or Stick With the Current BrandThis is a hybrid and unusual opportunity - to purchase an established brewery/tap room/restaurant, with the added bonus of acquiring prime downtown real estate. There are 8 separate parcels, some tenant occupied on short-term leases, for a total of 2.5 acres. So you can either ride the existing tenant cash flow by securing longer-term leases OR wipe the slate clean and partner with a developer to create a masterpiece of a downtown streetscape. The opportunity to acquire and hold such an attractive collection of parcels + a functioning brewery & tap room business opportunity WILL NOT happen again - lightning doesn't strike twice, Less
Charlotte, NC Agent: Neil Hawver
View Details NODA-Area Entertainment & Dining Venue
KEY-MONEY OPPORTUNITY IN CLT’S POPULAR NODA AREAThis key-money opportunity in Charlotte’s popular NODA area sits in one of the most premier dining destinations in the city. Current owners though have other objectives they’d like to capitalize on, so they are offering this space for the next operators after 6 years of operation. This location offers everything you need for your next bar-centric concept – premiere address, built-in entertainment traffic drivers, ambiance, and a bad-ass outdoor patio space that is the envy of the development. With 6,500SF+/- you have the footprint to create a unique dining experience with a robust cocktail program. The NODA community in Charlotte offers a vibe of its own. This is an area where “being odd” not only works, but it’s also expected. And this development offers a number of casual dining, drinking and retail options Less
Cash Flow: $100,000
Charlotte, NC
View Details Charlotte Metro Boba Tea Bar - 5 Days/Week Operation
Charlotte Metro Boba Tea Shop For SaleHusband & wife have developed this trending business into a solid establishment. They work the place themselves most days and are able to take a solid six-figure income. Sales are driven by both Door Dash a very loyal customer base that last year drove in a tad more than $275,000 for the year. This is a qualify-of-life-business. Open only 5 days per week from 12:30 - 7:30PM. So a more ambitious operator that wanted to staff up for more operating hours is sure to bring in additional revenue. But the current owners have been happy & content with their arrangement and income. Situated in one of the area's more elevated shopping plazas, the demographics are diverse and developing. New luxury apartments are settled in between single family homes for a very densely populated customer base. Drinks are the main staple of the business, however the space does come complete with a full commercial Less
Charlotte, NC
View Details Fine Dining Restaurant - Key Money Acquisition
This legendary Steak & Fine Dining restaurant has become a staple in the CLT community over the past decade plus. But the corporate group behind the brand has other projects on the horizon and need to tighten operations - so they are offering this location including the business intellectual property or without. When it comes to fine dining in the city of CLT, this place consistently is placed at the top of that list. Whether you're a large restaurant group looking for a brand to expand your footprint in CLT, or a seasoned restauranteur that can come in and immediately cut some of their bloated expenses, this is an opportunity that should be on your radar.Annual sales revenues are consistently in the $3MM+ range and the location is as prime as it gets. Lease terms are solid, although extensions will need to be negotiated. Monthly rents are $22,000/month. To schedule a confidential review of this and other F&B business Less
Cash Flow: $370,000
Charlotte, NC Agent: Neil Hawver
View Details 2-Unit BBQ & Wing QSR - Ready To Sell Franchise Agreements
This opportunity is ripe for a proven restaurant brand developer looking for a multi-unit concept that is set up for growth potential. The owners of this BBQ & Wing concept have positioned the brand for franchise expansion growth - investments have been made & FDD's are ready - just need the right professional to take over operations and drive that growth. Solid branding. A proven menu. Simplified operations and SOP's in place. Current locations are perfectly aligned with the target consumer. One on the outskirts of CLT and the other in the Triad area of NC. Each location is set up for success with solid revenues, profits & SOPs. Concept was designed top to bottom with key efficiencies in place. Both are set up to capture both in-house and 3rd party revenue opportunities. Combined Revenues: $2.2 MillionCombined Cash Flow/EBITDA: $370,000/Year (17%)Contact National Restaurant Properties to have a confidential conversation about Less
Charlotte, NC
View Details South Charlotte Pizza Italian - Key Money Opportunity - Only 150K!
Pizza Pillar of the CommunityFor more than 20 years, this pizza & Italian restaurant has served the South Charlotte community with pride. The owners however have decided to pass the location on to the next up & coming brand so that they can sail off into retirement and finally enjoy the fruits of their labor. This is a rather unique opportunity for another up & coming brand in the Charlotte market - or the next up & coming pizza-preneur - to plug their brand into a spot that has proven itself over and over through the years. Everything you need is here - high temp brick oven, Bakers Pride oven, 8-foot hood, bar and seating package. As an added bonus, the seller has pre-negotiated an extension of the lease through 2031 - and the landlord is poised to provide up to $20,000 towards improvements for the next operator. Contact National Restaurant Properties to schedule a confidential review of this and other F&B business Less
Cash Flow: $112,000
Charlotte, NC Agent: Neil Hawver
View Details Famous Toastery Franchise For Sale - Charlotte Market
Join this Carolina-based franchise brand in the popular Brunch category ... and be home every afternoon.Famous Toastery is a popular brunch franchise that got it’s start in Downtown Davidson NC. They have rapidly grown to over 26 locations from Maryland to South Carolina – with a development deal in place to add to that footprint in Northeast Florida. This Charlotte-area unit was one of the early locations and the owner is now looking to semi-retire and pass the torch to another operator. But they are leaving behind a location that continues to hum around $1.4MM a year in revenue with full management in place – the current owner has long-been semi-absentee. You’ll be walking into a turn-key operation with $100,000+ in annual owner cash flow, with more on the table for the next operator that can bring tighter controls and management to the table. What this brand thrives on are operators that are engaged and active in the local Less



