Bar/Restaurant for Sale near UNCW!

Wilmington, NC (New Hanover County)

Bar/Restaurant for Sale near UNCW!

Asking Price:$139,000

Cash Flow:N/A

Gross Revenue:$280,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Rate/Sq. Ft.:$13.00

Established:2013

Bar/Restaurant for Sale near UNCW!

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Business Description

TRIFECTA!

Close to UNCW
Business growing double-digits
Non-seasonal traffic

This is a very rare opportunity to buy a fully-stabilized bar/restaurant that is close to UNCW and Student Housing (walking distance/on bus route)! Year-over-year growth well over 20%, taking annual revenue close to $300,000.

Beautifully upfit interior, professionally designed and installed kitchen/bar, OUTSIDE DECK for at least 3-season use: bands, seating, games, etc.

Priced to sell at less than 50% of annual revenue. Food cost/labor/utilities are below industry average, creating solid profit for owner/operator or investor.

Lease is below market rate ($1300.00/mo), and has favorable language for tenant as compared to standard restaurant leases.

Seller has added events (college night, trivia, Halloween, etc), resulting in long lines, willingness of patrons to pay cover charge, and strong cash flow.

Full bar, beer taps and well planned menu. Open lunch/dinner/late night daily except Monday (dinner/late night only).

Unlike many restaurants near the beach or downtown, this location does NOT depend upon seasonal visitors. UNCW maintains a year-round population v. transient vacationers/tourists in other areas of town.

Attached Documents


Detailed Information

Real Estate:
Leased
Building Sq. Ft.:
1,200
Lease Expiration:
3/31/2019
Facilities:
Beautifully upfit dining and bar area, professionally designed kitchen/bar. Almost all equipment was purchased new approx 3 years ago, and most is top-of-the-line True brand. Interior furnished with variety of table heights/sizes, exterior deck has picnic-style tables with umbrellas, sand area for games. Area outside can also be used to serve, and has done so very successfully especially when having bands, events.
Competition:
Prime location within walking distance to UNCW & student housing. On college bus route, just off main artery.

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Mark Johnson

Business Listed By:
Mark Johnson

Coldwell Banker Commercial Sun Coast Partners

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Sponsoring Broker:
Grayson Powell

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