Plaza-Midwood Area Cocktail Lounge - 200K

Asking Price$375,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$850,000

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

Plaza-Midwood Area Cocktail Lounge - 200K


Asking Price$375,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$850,000

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

Seller Financing Available
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.
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

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Business Listed by: Scott Lee National Restaurant Properties

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.


Similar Listings
Teriyaki Madness
$200,000Teriyaki MadnessFeatured Franchise
Charlotte Steakhouse
$445,000Charlotte SteakhouseCharlotte, NC
Jon Smith Subs
$100,000Jon Smith SubsFeatured Franchise
NODA Key-Money Restaurant & Bar
$650,000NODA Key-Money Restaurant & BarCharlotte, NC
Toastique
$200,000ToastiqueFeatured Franchise
Wayback Burgers
$250,000Wayback BurgersFeatured Franchise
Teriyaki Madness
$200,000Teriyaki MadnessFeatured Franchise
Charlotte Steakhouse
$445,000Charlotte SteakhouseCharlotte, NC
Jon Smith Subs
$100,000Jon Smith SubsFeatured Franchise