Highly Profitable Turnkey Sports Bar & Grill Charlotte Area
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Sport Bar & Grill, Turnkey, Seamless, 20 years, High Traffic Area
TURNKEY SPORTS BAR & GRILL - CHARLOTTE AREA
Established in 2003, this highly profitable sports bar and grill represents a rare opportunity to acquire a dominant hospitality business in downtown Iredell County, NC. With 21 years of proven success, the establishment generates $1,350,000 in annual revenue with strong cash flow of $450,000.
BUSINESS OVERVIEW
This 4,615 square foot venue serves as the premier sports bar destination in the heart of downtown, featuring multiple televisions, comprehensive bar selection, pub-style cuisine, and recreational activities. The business has built an exceptional reputation as a community gathering place and hot spot for unique events.
FINANCIAL PERFORMANCE
- Annual Revenue: $1,350,000
- Cash Flow: $450,000
- Strong profit margins with consistent year-over-year growth
- Weathered economic downturns, recessions, and COVID successfully
STRATEGIC ADVANTAGES
- Prime downtown location with increasing foot traffic
- Strong competitive moat with deep community roots
- Popular lunch destination for downtown business community
- After-work gathering location for professionals
- Attracts college crowd from nearby campus (3 blocks away)
- Real estate included ($480,000 value)
OPERATIONS
- Experienced long-term staff managing day-to-day operations
- Dedicated cook with several years tenure
- Owner not deeply involved in daily operations
- Currently operates 6 days per week (closed Mondays)
GROWTH OPPORTUNITIES
- Expand to 7-day operation
- Reinstate highly successful Sunday brunch program
- Enhanced digital marketing initiatives
- Menu expansion and daily specials
- Catering and off-premises revenue development
- Merchandising and branded events
- Capitalize on tremendous regional population growth
The asking price is $1,600,000 including real estate. FF&E valued at $100,000, inventory at $6,000. Sale contingent on property transfer with no owner financing available. Seller willing to provide transition support for agreed period.
This turnkey operation offers an exceptional opportunity to acquire a market-leading establishment with proven profitability, experienced staff, and significant growth potential in a rapidly expanding market.
Established in 2003, this highly profitable sports bar and grill represents a rare opportunity to acquire a dominant hospitality business in downtown Iredell County, NC. With 21 years of proven success, the establishment generates $1,350,000 in annual revenue with strong cash flow of $450,000.
BUSINESS OVERVIEW
This 4,615 square foot venue serves as the premier sports bar destination in the heart of downtown, featuring multiple televisions, comprehensive bar selection, pub-style cuisine, and recreational activities. The business has built an exceptional reputation as a community gathering place and hot spot for unique events.
FINANCIAL PERFORMANCE
- Annual Revenue: $1,350,000
- Cash Flow: $450,000
- Strong profit margins with consistent year-over-year growth
- Weathered economic downturns, recessions, and COVID successfully
STRATEGIC ADVANTAGES
- Prime downtown location with increasing foot traffic
- Strong competitive moat with deep community roots
- Popular lunch destination for downtown business community
- After-work gathering location for professionals
- Attracts college crowd from nearby campus (3 blocks away)
- Real estate included ($480,000 value)
OPERATIONS
- Experienced long-term staff managing day-to-day operations
- Dedicated cook with several years tenure
- Owner not deeply involved in daily operations
- Currently operates 6 days per week (closed Mondays)
GROWTH OPPORTUNITIES
- Expand to 7-day operation
- Reinstate highly successful Sunday brunch program
- Enhanced digital marketing initiatives
- Menu expansion and daily specials
- Catering and off-premises revenue development
- Merchandising and branded events
- Capitalize on tremendous regional population growth
The asking price is $1,600,000 including real estate. FF&E valued at $100,000, inventory at $6,000. Sale contingent on property transfer with no owner financing available. Seller willing to provide transition support for agreed period.
This turnkey operation offers an exceptional opportunity to acquire a market-leading establishment with proven profitability, experienced staff, and significant growth potential in a rapidly expanding market.
About the Business
- Years in Operation
- 23
- Employees
- 12 (5 Full-time, 7 Part-time)
Manager & cook are long term employees. Other staff members are experienced - Currently Home Based
- Yes
- Facilities & Assets
- Located in a three-story downtown location. The bottom level houses the Sports Bar 2,220 sq ft. On the second floor is the office, 175 sq ft. The third floor is storage 2,220 sq ft. In the front of the building is a large outdoor patio area, seating for thirty-five people, and indoor seating is ninety-six. The building has a new roof and new walk-in freezer. All equipment; ovens, fryers, refrigerators, dishwasher, desks, furniture, TVs, outside tables, chairs, umbrellas, all inventory of food, beverages, utensils, and cleaning supplies included in sales price. Modern looking Sports Bars with long term profitable in a fast growing and popular downtown location.
- Market Outlook / Competition
- This area of North Carolina is primed for growth and is booming. The Sports Bar has a rock-solid foundation of 23 years of steady growth as a repeat revenue generator. It has withstood the test of time and remained a highly profitable operation through market downturns, recessions, and COVID. The Sports Bar is the main true Sports Bar in the heart of downtown, a staple known as a hot spot and gathering place for the community and unique events. The Sports Bar features multiple televisions, a comprehensive bar selection, pub-style cuisine, recreational activities, and an energetic and lively clientele. It is a popular lunch spot amongst the downtown business community, and an after-work gathering location. Three blocks away is a college which attracts a younger crowd and a late-night crowd. The Sports Bar enjoys a strong "moat," signifying that its deep roots in the community make it challenging for new competitors to pose a threat or capture market share. It is the go-to spot downtown.
- Opportunities for Growth
- There is tremendous population growth in the Sports Bar's area. Increased use of digital marketing programs will support further growth. There is untapped revenue in expanding to a seven-day operation, currently closed on Monday. The expansion to a Sunday brunch was continually "sold out" and extraordinarily successful. It could be reinstituted. Opportunities exist for menu expansion and food "Specials." Enhancing off-premises revenue through merchandising, catering, and branding events is an opportunity. Support of downtown events and initiatives is important and has always spurred growth. The building location is dead center downtown, where the foot traffic is constantly increasing. The value of the building will continue to appreciate over time.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 4,615
About the Sale
- Seller Motivation
- Selling a profitable business is difficult, we are doing so do to health concern
- Transition Support
- The staff is made up of long-term employees who manage day-to-day operations who will remain as needed. The cook plays an important role in the establishment's operations and has been employed at the Sports Bar for several years, with no intention of departing in the foreseeable future. The ownership is not deeply involved in day-to-day details and is available to assist for an agreed upon period after the sale.
- Financing Options
- Sale of business contingent on sale of the property. No owner financing.
Listing Info
- ID
- 2494028
- Listing Views
- 0
Listing ID: 2494028 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.
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