Plaza-Midwood Area Cocktail Lounge - 200K
Business Description
Even with the new submarkets developing across the Charlotte region, Plaza Midwood remains one of the most sought-out destinations in the entire region. Brands that operate here cater to one of the most diverse demographics in town - from high-level corporate types to the creative artsy types, and everything in between, harmoniously dining & drinking together. Current ownership just has too many other irons in the fire that are distracting away from operations here.
Whether you decide to continue with the current brand, or are looking for a spot to launch your own concept, this opportunity is priced to appeal to both options. And the sellers are offering the option to loan you 1/2 the funds to help get off the ground running while keeping liquidity available.
You won't find a more desirable lease in the area. This space has an existing and assignable lease in place that doesn't expire until 2033, with two additional 5-year options at your disposal. You have the option to control this space in one of the area's strongest markets until 2043 (17+ years). Currently only $8,900/month all in with expenses.
All licenses are in-tact (food & beverage) with a kitchen that is basically brand-new. It was fully updated and overhauled in 2022. Includes a very efficient kitchen layout with all line equipment and coolers, a full bar, and a very unique outdoor space.
Contact National Restaurant Properties to schedule a confidential review of this and other business and/or real estate opportunities across the CLT metro area and beyond.
Whether you decide to continue with the current brand, or are looking for a spot to launch your own concept, this opportunity is priced to appeal to both options. And the sellers are offering the option to loan you 1/2 the funds to help get off the ground running while keeping liquidity available.
You won't find a more desirable lease in the area. This space has an existing and assignable lease in place that doesn't expire until 2033, with two additional 5-year options at your disposal. You have the option to control this space in one of the area's strongest markets until 2043 (17+ years). Currently only $8,900/month all in with expenses.
All licenses are in-tact (food & beverage) with a kitchen that is basically brand-new. It was fully updated and overhauled in 2022. Includes a very efficient kitchen layout with all line equipment and coolers, a full bar, and a very unique outdoor space.
Contact National Restaurant Properties to schedule a confidential review of this and other business and/or real estate opportunities across the CLT metro area and beyond.
About the Business
- Years in Operation
- 2
- Facilities & Assets
- Full Kitchen
Full Bar
Outdoor Patio - Market Outlook / Competition
- Strong Plaza Midwood Market
- Opportunities for Growth
- Operator with more focus could capitalize better
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,400
- Rent
- $8,900.00 per month
About the Sale
- Seller Motivation
- Other Business Interests
- Transition Support
- Yes. 2 weeks.
- Financing Options
- 50% Seller-Financing Available For Qualified Buyers
Listing Info
- ID
- 2442618
- Listing Views
Listing ID: 2442618 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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