National Restaurant Properties presents this opportunity to acquire this existing dive bar & music venue with over 200K of annual owner cash flow.
Located in a small town East Charlotte suburb, far away from the hustle & bustle of the city, the mostly absentee owner of this "upscale roadhouse" bar & grill is ready to ride his Harley into retirement ... and has decided to finally pass the torch to another operator that can kick things up a gear or two.
In addition to the 200K of annual owner cash flow, this place includes ...
A well-equipped stage & equipment for live music of the country/rock variety
8 pool tables to entertain the guys with two left feet while their women hit the dance floor
A kitchen that'll whip up anything from burgers to chicken parmesan
And a full bar serving cold beers and strong drinks
For an operator with vision, this place can be programmed for so much more.
The current owner opened this place up 5 years ago and business has steadily grown every year since.
In 2024, it generated over 750K in annual revenue with a very healthy 25% bottom line. Current rent is only $3500/month all in!! For you city folk, your ears aren't playing tricks - you heard me right ... $3500/month. That's about $8 PSF for those in the back row. And just 30 minutes outside the beltway.
Seller is asking top dollar at about a 2.75X multiple on the valuation. Consider however, that there's close to 100K of high-end audio equipment alone (not to mention a top-notch, high-dollar kitchen) ... and he is rarely engaged in the day to day operations. That 200K is pretty much mailbox money ... a more engaged operator or group can pull more.
Oh ... and they will consider seller-financing a portion of the purchase for a qualified and proven operator.
To schedule a confidential review of this and other F&B business or real estate opportunities throughout the Carolinas, contact Neil Hawver or Anthony Deresh @ National Restaurant Properties.
Ad#:2442720
