Bar For Sale In Historic Downtown Statesville

Asking Price$85,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$300,000

Inventory$8,000
Not included in asking price
FF&E$50,000
Included in asking price
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Bar For Sale In Historic Downtown Statesville


Asking Price$85,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$300,000

Inventory$8,000
Not included in asking price
FF&E$50,000
Included in asking price

Seller Financing Available
Business Description
Welcome to The Watering Hole, a staple of West Broad Street in Downtown Statesville, NC.

After building a solid little bar business, the current owner is looking to exit the business and return to
their passion for teaching – opening the door for you to take over this little gem.

With just over 3,000SF of prime downtown lease and operating on a 5-day-week schedule,
this bar is well-positioned for a seasoned operator to enter the picture with a solid business
that is ripe for new blood and opportunity. Only offering beer & wine, the lane is wide
open to add full liquor.

Downtown Statesville, with the growth of the Lake Norman area, is experiencing a surge of retail
development. Residents are returning to Old Town Statesville for its charm and simplicity.
Iredell County has seen the 2nd highest retail growth in the state of NC, making this
one of the highest upside markets in the Charlotte region.

Contact National Restaurant Properties to schedule a confidential chat about this and other F&B business or real estate opportunities across the Charlotte area.
About the Business
Years in Operation
4
Facilities & Assets
Downtown Statesville
Market Outlook / Competition
Iredell County is the 2nd fastest retail growth in NC
Opportunities for Growth
Currently only offering beer & wine.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
3,000
Rent
$2,100.00 per month
About the Sale
Seller Motivation
Returning To Passion For Teaching
Transition Support
Yes
Financing Options
50% Seller-Financing Available For Qualified Operator
Listing Info
ID
2475624
Listing Views
Attached DocumentsAttachment Disclaimer

SpecSheet.WateringHole.Statesville.Editable.pdf


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Business Listed by: Anthony Deresh National Restaurant Properties

Listing ID: 2475624 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.