Cocktail Lounge & Kitchen - 325K Annual Revenue

Asking Price$795,000

Cash Flow
$325,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,800,000

Inventory$20,000
Not included in asking price
FF&E$200,000
Included in asking price
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Cocktail Lounge & Kitchen - 325K Annual Revenue


Asking Price$795,000

Cash Flow
$325,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,800,000

Inventory$20,000
Not included in asking price
FF&E$200,000
Included in asking price

Seller Financing Available
Business Description
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.
About the Business
Years in Operation
3
Facilities & Assets
Strip Center located inside the beltway of CLT
Long term lease in place
Full Kitchen
Full Bar
Market Outlook / Competition
Area of town with very little competition
Opportunities for Growth
Additional operating hours
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,400
Rent
$4,808.00 per month
About the Sale
Seller Motivation
Focus on other brands
Transition Support
Yes. Owner will train up to 3 weeks as part of sale.
Financing Options
50% seller financing
Listing Info
ID
2432778
Listing Views
6

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Business Listed by: The NRP Charlotte Team National Restaurant Properties

Listing ID: 2432778 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.