Bar and Grill for Sale - Close to $1 Million in Sales!

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Asking Price:
$325,000

Gross Revenue:
$944,121
Cash Flow:
$84,785
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Massive Bar and Grill Restaurant for Sale is built to perfection and ready for its new owner. Sales close to one million and ready to break many new sales records in this rapidly expanding town.
This incredible Neighborhood Bar and Grill Restaurant for Sale can be yours in this bustling Greater Charlotte community. Well kept and looks brand new when you walk into this 7500 square foot restaurant. Well known in the community for many years this is the best restaurant in town where all the locals go for great food, drinks, conversation, and entertainment. With a rapidly expanding community around this location the sales are increasing month after month, and screams opportunity for any new buyer. Surrounded by many new homes communities being built year after year. Doing over $940,000 in sales for one meal period at dinner, and closed one day out of the week. Imagine for any new owner if you expand with a lunch menu and open 7 days a week. The sale opportunity is endless. Owner is ready to retire and pass the torch.
This fully equipped restaurant for sale truly defines turn-key for any new operator. Why have the hassle of new construction costs and delays, unknown sales, permitting nightmares, and overpriced new equipment when you can have this family owned and operated Bar and Grill that is ready to go. The dining room alone can seat close to 300 people and another 22 plus on the covered patio. Also included is a conference room for larger parties and events. With bar tables and seating throughout, it gives off that great vibe of phenomenal customer service that is personable and pivotal for every customer who walks through the door. If you remember the TV show “Cheers” this is it all over again with this beautiful interior. Amazing detail in every construction aspect. The décor alone shows how much love went into this restaurant for sale when it was built.
If you are thinking of an expanded menu to boost sales, this kitchen can handle it with no problem at all! Several walk-in coolers, Deep Fryers, Marinator, Deli Tables, Several Grill stations, Freezer, many prep stations, a 25 Beer Tap System, Meat Saw, and a full built-in bar. This restaurant for sale even has a bar counter that is massive and seats up to 20 bar seats. Perfect for any sporting event or overflow dinner rush.
With an owner benefit just under six figures, this restaurant is also ready for expansion! With an enthusiastic new owner in place, you can take this restaurant for sale over the top! With an amazing concept idea and popular menu, this can easily grow to many more locations with the right experienced entrepreneur.
A neighborhood bar and grill restaurant for sale, such as this "Cheer's-esque" location, won't last long. Bring your offers and be ready to make your restaurant dream come to life!

About the Business

Location:
Lincoln County, North Carolina
Year Established:
2003
Number of Employees:
24
Real Estate:
Leased
Building Sq. Ft.:
7,500
Rent:
$11,025.00 Per Month
Facilities:
19 dining room tables 75 dining room chairs 7 patio tables 22 patio chairs 5 patio bar stools 13 Bar Tables 53 Bar table stools 19 Bar Stools 10 TVs 1 project and projector screen 7 POS stations 1 Back of House Computer 20 booth seats 1 hostess station 4 highchairs 1 server station 1 Entry Cooler Display Case 1 Stage for Band 25 Beer Tap System 1 Bunn Coffee maker 1 Wooden Cabinet system 1 Stainless Steel Wall Shelves 1 Bar Sink 4 Beer Well Coolers 1 under counter Cooler 1 Blender 1 Two Foot SS table 1 Eight Foot Under Counter Cooler 1 standing display cooler 2 SS hand sinks 2 Microwaves Wall Shelving Misc Utensils 4 Eight Foot SS tables 1 Four Foot Deli Table 1 Apw Cabinet with 3 drawers 1 ten foot SS server Drink Station 3 six foot deli tables 1 six foot cooler and work area 2 Hold and Cook cabinets 1 Upright SS Cooler 1 ice machine 1 ice bin 1 set of four foot wire shelving 1 set of five foot shelving 1 Dishwasher system 1 SS dish sink table 1 five foot SS table with cutting board top 3 Deep Fryers 4 Grill Tops 1 hot holding cabinet 1 8x4 Keg Cooler 1 Under Counter Cooler 3 Line Coolers 1 Meat Saw 1 Steamer 1 Southern Pride Smoker 1 Thirty Quart Mixer 1 Convection Oven 1 ten quart mixer 1 Marinator 1 ten foot SS table 2 Two Compartment SS sinks with sprayer 2 Five Foot SS tables with cutting board top 1 Slicer 1 12x8 walk in cooler 2 20x8 walk in coolers 1 Dunnage Rack 7 Wire Shelf Systems 1 Sixteen Camera System 1 Music System 1 Office Printer
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
Charlotte has seen the job market increase by 3 5 over the last year Future job growth over the next ten years is predicted to be 42 5 which is higher than the US average of 38 0
Growth & Expansion:
Key business for expansion and growth Potential to grow into a franchise model
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Available with Seller

Listing Info

ID:
1615700
Ad Detail Views:
0

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Business Listed by

Justin Scotto

We Sell Restaurants

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Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152

U.S. Census Data for Lincoln County, NC
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Lincoln County, NC
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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