EDEE with CBD (SouthEnd)

Charlotte, NC (Mecklenburg County)

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Asking Price: $685,000

Cash Flow: $231,198

Gross Revenue: $558,475

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $4,000 /Month

Established: 2018

EDEE with CBD (SouthEnd)

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Business Description

Unique business model that churns a strong cash flow. EDEE is Eating, Drinking and Entertainment Establishment.

Business has low overhead and good revenue stream. Easy to operate and in a GREAT location. The owners are not active in the business on a daily basis.

They have only been open 1 year and already generating over $20k a month in profits. Bank lending not an option because of the age of the business, so we are only considering high net worth individuals. This is really a unique situation and it will not last long.

Detailed Information

Location:
Charlotte, NC
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
N/A
Employees:
4
Facilities:
The owners have already spent the capital to put this business in the forefront. They have a great rate for this property with 5 years on the current lease with two 5 year extensions. They are currently using about 70% of the space, but have additional square footage available.
Growth & Expansion:
This business caters to a hip young crowd in the downtown area. They have over 4,000 Instagram followers that provides an excellent marketing framework.
Reason for Selling:
Family Issues
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(from currently available funds)
 
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Tim Sweeney

Business Listed By:
Tim Sweeney

Charlotte Business Brokers Mergers and Acquisitions, Inc

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