Established and Very Profitable Bar & Rest. - Motivated Seller!

Concord, NC (Cabarrus County) (Relocatable)

Seller Financing Available
Established and Very Profitable Bar & Rest. - Motivated Seller!
Contact Seller

Asking Price: Get Financing: $315,000

Cash Flow: $103,000

Gross Revenue: $789,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: $1.35 /SF/Month

Established: 2009

Established and Very Profitable Bar & Rest. - Motivated Seller!

Get Financing Save Print Share Valuation Report

Business Description

With sales that have exceeded $750K consistently in the 9 years that this established business has been open, do yourself a favor and take a look at this one before you buy any other restaurant! The owner is a restaurateur - and with a full service bar, operations could be expanded tremendously. The primary items are Italian food with GREAT pizza!

This business employs a highly motivated, autonomous staff with absentee ownership.

A great growth potential lies in the bar area where a new owner could employ a professional bartender and offer drink specials and cocktails to compliment the outstanding food!

A business that already enjoys both local and regional patrons, this business is centrally located in a busy strip center, with a very established and built-up community, which includes 70 townhomes, and 13 apartment buildings, which are being completed.

The building boasts a 16 HD camera security system that includes phone application and an upgraded POS system that includes 6 stations with chip readers. The potential to double the revenue exists with the ability to host parties and events in this spacious location.

The growth potential of this business is limited only by the creativity of a new owner/operator. The seller is highly motivated due to the loss of a family member. Don’t let this great opportunity slip away – inquire today!

Detailed Information

Real Estate:
Leased
Building SF:
5,200
Lease Expiration:
N/A
Employees:
20
Facilities:
Located in a busy strip center, with plenty of parking.
Competition:
This business is located near a regionally popular shopping mall, and there are numerous similar businesses in the area.
Growth & Expansion:
There is space for a new owner to host nighttime events, and with the area's population growth, new business is almost guaranteed!
Financing:
Seller will consider some financing for the right, qualified buyer.
Support & Training:
Negotiable.
Reason for Selling:
Owner is wanting to retire.
Contact Seller

Contact the Seller

(from currently available funds)
 
Contact Seller Loading

Joe Vagnone

Business Listed By:
Joe Vagnone

ENLIGN Business Brokers

Show Phone Number

View My Listings

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.


Sponsoring Broker:
Jeff Snell, CM&AP, M&AMI, LCBI, ABI

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1534831 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Bonchon

Franchise Opportunity
Capital Required: $400,000