Great Pub and Restaurant - Semi-Absentee

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Excellent, Thriving Area
Asking Price:
$325,000

Gross Revenue:
$1,208,261
Cash Flow:
$142,934
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$11,000
included in asking price

FF&E:
$55,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

A wonderful eating, drinking and gathering place! Currently being run mostly absentee due to young family commitments. Just like the cleanliness of the town that surrounds it, this pub and restaurant's well maintained facilities and dining area makes for a nice day watching "the Game" or evening out on the town. The business mixes a family restaurant environment with the subtle hint of a bar atmosphere by incorporating restaurant style seating around a beautiful bar area. The employees exemplify kindred spirits and the upmost hospitality to all guests, making it a family environment where all are welcome. With televisions located throughout the restaurant, for your convenience, combined with a inviting atmosphere, This is a fantastic place to bring the family or yourself out for an enjoyable day/evening.

About the Business

Year Established:
2009
Number of Employees:
5 FT/32 PT
Facilities:
With everything up to date and a fantastic layout, the facilities are nothing short of impressive.

Situated just outside of Raleigh, this is a community with easy access to the shops, sports and entertainment of a bigger city. And while living outside and away from the city might seem like a hassle, this distance comes with perks. A solid school system, a safe community and increased opportunities for job growth mean living in the smaller town pays off. Located between Raleigh and Research Triangle Park, this offers easy access to NC State University, Duke University and the University of North Carolina at Chapel Hill. There are also major employers based in the smaller town, such as SAS, which employs over 5,000, or sectors of companies like Fidelity Investments, Met Life and Verizon. Jobs are expected to skyrocket in the next five years, at a rate of 11.3%. It's also relatively affordable, with median home prices of $319,000 and average property taxes of $3,168.
Market Outlook/
Competition:
This is a competitive Industry, but few competitors in the area rise to this level.
Growth & Expansion:
Revenue has been incredibly steady in the $1.2 Million range, even with mostly absentee ownership. Revenue could be increased with greater emphasis on catering and/or addition of a food truck!
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About the Sale

Reason For Selling:
The demands of her young family make this a good time to exit.
Training/Support:
Will train for 2 weeks @ $0 cost.
The Pub combines the appeals of a fully functioning bar with comfort food and televisions, an environment that all can enjoy. Providing a wide variety of food choices, from the Bruschetta Burger to the Sunday brunch or a chef salad, there is no shortage of options. There are close to fifty tables to choose from inside as well as a nice outside patio section for people to relax.
Seller Financing:
Lender pre-screened with $48,750 down.

Listing Info

ID:
1491063
Ad Detail Views:
36

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Business Listed by

Don Emmett

Murphy Business & Financial Corporation

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Sponsoring Broker:

Ron Buck
Murphy Business & Financial Corporation

U.S. Census Data for Wake 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 Wake 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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