Profitable Bar in Durham, NC

Durham, NC (Durham County)

Seller Financing Available
Profitable Bar in Durham, NC
Contact Seller

Asking Price: $225,000

Cash Flow: $45,000

Gross Revenue: $315,000

EBITDA: N/A

FF&E: $160,000

Inventory: $1,000

Rent: $8,000 /Month

Established: 2014

Profitable Bar in Durham, NC

Save Print Share Valuation Report

Business Description

Situated in Downtown Durham, NC this bar has been open for 5 years and is located on a busy street. Since its opening it has become a meeting place for locals, business people and the college crowd. This asset sale provides an incredible opportunity for a bar operator to acquire an excellent location complete with all the equipment. Beer drinkers are treated to many of North Carolina craft beers and non-local beers on tap. This location offers an attractive outdoor patio and approximately 20 parking spaces. This is a rare move-in ready opportunity for the right bar to share their talents and concept.

Detailed Information

Location:
Durham, NC
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,200
Lease Expiration:
N/A
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The building has 3,200 square feet with additional space for seating outside. There are approximately 20 parking spaces. The owner will only lease the building at a competitive rate of $8,000 per month. The building has been recently upgraded with many leasehold improvements including a new HVAC system and fire protection.
Competition:
There are many bars and restaurants but most focus on different demographics. Either late night eats or older clientele. This bar appeals to undergraduate, graduate students and the service industry.
Growth & Expansion:
There is an opportunity to market to new residents, a slight concept change and more advertising. Adding food with a permanent food truck or installing a kitchen would increase revenues dramatically.
Financing:
Monthly Common Area Maintenance: $750
Support & Training:
The owner will work with the buyer for 80 hours over one moth to insure a smooth transition.
Reason for Selling:
Owner has other business interest that requires his time.
Contact Seller

Contact the Seller

Contact Seller Loading

George Bradbury

Business Listed By:
George Bradbury

ENLIGN Business Brokers

Show Phone Number

View My Listings


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

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1681252 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


Mrs. Fields Cookies

Franchise Opportunity
Cash Required: $190,000