Endless Growth Potential

Charlotte, NC (Mecklenburg County)

Endless Growth Potential
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Asking Price: $349,000

Cash Flow: N/A

Gross Revenue: $583,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $7,000 /Month

Established: 1975

Endless Growth Potential

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Business Description

Long standing restaurant since 1975 bringing in locals and visitors alike, favorite lunch and dinner spot. Current owner (since 1995) has done a phenomenal job at increasing sales. Property includes private event room and full bar. With the slight extension of hours, the bar can be utilized fully for sports fans. Location is key here, sitting on a main road with plenty of traffic between downtown and a main highway in a mid-size town outside of Charlotte. The rent can not be beat at $7,000 includes taxes and insurance (TI) per month with annual increase of 2% per month per year.

Detailed Information

Location:
Charlotte, NC
Real Estate:
Leased
Building SF:
5,512
Lease Expiration:
N/A
Employees:
12
Facilities:
Freestanding building with ample parking, fully equipped and well maintained kitchen and bar, with great seating package
Growth & Expansion:
With the slight extension of hours, the bar can be utilized fully for sports fans.
Support & Training:
Yes
Reason for Selling:
Retirement
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(from currently available funds)
 
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NRP Charlotte

Business Listed By:
Agent On Duty

National Restaurant Properties

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