Operating Restaurant 12 Acre Lake + Other Bldgs

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Asking Price:
$999,900

Gross Revenue:
$275,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$150,000
included in asking price

Real Estate:
$1,150,000
included in asking price

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Business Description

This restaurant and 2 income producing properties combines outdoor lifestyle, watersports, country-living and the food and entertainment business! This successful lakefront establishment caters to locals and boaters enjoying time off as well as family and business special events such as weddings, birthdays and reunions. Large rooms are available for social gatherings.

The restaurant, located on 23 square mile lake near Charlotte, NC boasts expansive decks and multiple bars for lakeside dining, dancing and drinks right next to the dock. The menu is primarily steaks and seafood.

There is a fully equipped kitchen, all A/C units, refrigeration units, carpets and a hood fire system are new.

The offering includes 12 plus acres of land as well as a private residence and large metal fab building with additional living quarters providing an additional $24,000 of passive income. The property has lake and road frontage for maximal marketing exposure.

Real property represented by ENLIGN Commercial
2009 Caminos Drive, Raleigh, NC 27607, 919-341-1100

About the Business

Location:
Salisbury, North Carolina
Year Established:
1981
Number of Employees:
8
Real Estate:
Owned
Building Sq. Ft.:
6,230
Facilities:
For years the restaurant has only operated for 30 hours a week and seasonal expansion such as adding lunch on the weekends is long overdue! This has been a private local club serving liquor-by-the-drink for over 30 years. Mainly a much-enjoyed local phenomenon, it has a regular following that enjoy the local live entertainment, good food and lakeside living.
Website:
www.highrocklakerestaurant.com/
Market Outlook/
Competition:
There is one other restaurant on the lake that offers short order style food.
Growth & Expansion:
The addition of gasoline and open more nights would increase revenue and profits. The property can be developed for other uses including weekly and monthly rentals.
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About the Sale

Reason For Selling:
Other business interests
Seller Financing:
sq ft reflects restaurant only

Listing Info

ID:
1586821
Ad Detail Views:
0

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Business Listed by

George Bradbury

ENLIGN Business Brokers

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Sponsoring Broker:

Jeff Snell, CM&AP, M&AMI, LCBI, ABI
ENLIGN Business Brokers

U.S. Census Data for Rowan County, NC
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Rowan County, NC
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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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