Business Overview

Location,Location,Location! High Traffic Area Through Out the Day and Night ! Most sought area in the Charlotte Market! Do Not Let This Bar for Sale Go!
These Restaurants and bar for Sale are located in one of Charlotte’s most desirable areas. These Businesses for Sale are located in the same building. Currently, they run as separate businesses, but the operations could be combined together.
The first Bar for Sale by We Sell Restaurants seats 130 guests and comes with a fully equipped kitchen. The space features two bar areas. The main bar area, as well as another bar area that can be used for private events. The second space has a very hip and laid back vibe and hosts live music and DJ events. This space seats 75 guests and also has a fully equipped kitchen. Both spaces have private patio seating where guests have enjoyed the Charlotte Skyline, cocktails and an a amazing meal at their tables. Both spaces are of the highest quality and is 100% turn-key .The owners have speared no expense on design. Both spaces combined are 5000 square feet and a rent of 15k.
A new owner could do many things within this space including: Operating two concepts within, combine the space for one concept, operating one concept and subleasing the second space. The location is situated in residential/commercial neighborhood, with other restaurants, and bars. These businesses are primed and ready for an experienced entrepreneur or a first-time business owner! The possibilities are endless!
Interested buyers must have restaurant experience, money to invest, and good credit to obtain a lease. The Landlord will require: Business Plan, Previous restaurant experience, future plans for the location and Financial statements.
This opportunity does not come around often and wont last long. The right owner and concept can quickly grow this high traffic location into a amazing successful business.Complete confidentiality today!

Financial

  • Asking Price: $1,500,000
  • Cash Flow: $195,581
  • Gross Revenue: $1,908,633
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2008

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:5,000
  • Lot Size:N/A
  • Total Number of Employees:55
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Restaurant 1 1 Ice Machine 1 Three Compartment Sink 1 SS Shelf 12ft 1 Wire Rack 2 SS Hand Sink 1 Prep Sink 2 SS Wire Racks 12ft 1 Deli Make Table 1 SS Single Door Free Standing Freezer 1 SS Two Door Free Standing Cooler 1 Broiler 1 Gas Stove with 6 Burners and Oven 3 SS Shelves 3ft 1 Deep Fryer with Two Baskets 1 Convection 1 Flat Top Grill 1 Hoof 10ft is a Fixture 1 SS Two Door Reach In Cooler 2 Reach In Glass Door Coolers 2 Kitchen Printers 3 POS s 1 DJ Booth with Pioneer Sounds System and Turn Tables 2 Speakers 2 SS Ice Bins 1 SS Reach In Cooler 1 SS Reach In Cooler with Ice Bin 2 Bar Wells 1 Deli Make Table 4ft 1 Deli Make Table 8ft 1 Glass Display Case 3ft 1 Overhead Heat Lamp Miscellaneous Pots and Pans Miscellaneous Dishes and Barware 1 Wooden Rack with Two Shelves 15 Bar Stools 3 Leather Love Seats 4 Fabric Chairs 2 Coffee Tables 1 Hostess Stand 8 Chairs 3 Tables 6 Booths 3 End Tables 2 Table Lamps 1 Wooden Storage Unit 1 Wooden Wine Display Wall Racks 1 Wood Liquor Display Wall Racks 1 Printer 1 Wooden Storage Cabinet 1 Wood Table 8ft 3 Keg Taps 2 SS Wire Racks 3ft with 4 Shelves 5 Tables 22 Chairs 1 Free Standing Fan 1 Wooden Storage Unit Restaurant 2 Dining Room 11 Dining Room Tables 8 Dining Room Chairs 10 Booths 1 Couch 3 Side Tables 1 Hostess Stand 1 Dresser 1 Built in Bar seat 8 Square Bar Stools 6 Fabric Bar Stools Miscellaneous Wall Decor 2 Coat Racks Bar 1 4 Booths 4 Round Tables 1 Glass Rack 4 Fabric Bar Stools 1 Side Table with Lamp 2 Chairs 1 Side Table 1 Custom Bar 1 Back Bar Cabinet Refrigerator 2 Under Bar Sinks Miscellaneous Glassware 1 Two Door Filing Cabinet 1 POS with Cash Drawer and Printer 1 Ice Well 2 Large Wall Shelves 2 Display Large Shelves Bar 2 1 POS with Printer 1 Slicer 1 Vacuum Packaging Machine 1 Prep Table 2 Wire Shelves 2ft 2 Heat Lamps 2 Waffle Makers 1 Sous Vide 2 Bar Printers 2 Vitamix Blender 1 SS Hand Sink 1 APW 1 POS with Cash Drawer and Printer 1 Single Door Under Counter Freezer 1 Short Square Stool 1 Custom Display Shelf 2 Customer Bar Shelves 1 Three Door Back Bar Cooler Cabinet 2 Draft Coolers with 7 Taps 1 Ice Well 4 SS Wall Shelves 1 Food Processor 1 Coffee Maker 1 Double Bowl Frozen Drink Dispenser 1 Espresso Machine 1 Under Counter Two Door Reach In Cooler 1 Ice Machine 1 Ice Bin 1 Wine Cellar Kitchen 1 Walk in Cooler and Freezer Combo is a Fixture 4 Walk in Cooler Shelves 3 Walk in Freezer Shelves 1 Speed Rack 1 Stand Mixer 1 Countertop Electric Oven Miscellaneous Pots and Pans Miscellaneous Dishware 1 SS Hand Sink 1 Three Compartment Sink 1 Prep Sink 1 Mega Top Sandwich Salad Prep Cooler 4ft with 4 Drawers 1 Chef Base with 2 Refrigerated Drawers 1 Chargrill 1 Three Basket Fryer 1 Gas Range with 6 Burners and Oven 1 Salamander Broiler 1 APW 1 Hood 11ft is a Fixture 1 Dish Cabinet with Overself 2 Pot Racks 1 Mega Top Sandwich Salad Prep Cooler 4ft with Two Doors 8 SS Wall Shelves 1 SS Prep Table 4ft 2 Short SS Shelves 1 Wire Shelf Office 1 Music System 1 Desk 1 Chair 1 Four Drawer Filing Cabinet 1 Safe 1 Wall Shelf 1 Shredder Bathrooms 2 Mirrors 2 Small Round Tables Patio 1 POS with Printer 2 Wall Fan 2 Patio Tables 1 Round Table 18 Chairs 1 Fire Pit 3 Heaters 1 Large Patio Table 2 Love Seats

Is Support & Training Included:

Available with Seller

Purpose For Selling:

Other

Pros and Cons:

Charlotte has seen the job market increase by 3 5 over the last year Future job growth over the next ten years is predicted to be 42 5 which is higher than the US average of 38 0

Opportunities and Growth:

Key business for expansion and growth Charlotte is the number 2 metro in the US for economic growth

Additional Info

The venture was started in 2008, making the business 14 years old.

The company has 55 employees and resides in a building with approx. square footage of 5,000 sq ft.
The property is leased by the company for $15,000

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals resolve to sell businesses. Nonetheless, the genuine reason and the one they tell you may be 2 totally different things. For instance, they might say "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these may simply be excuses to attempt to conceal the reality of transforming demographics, increased competitors, current decrease in incomes, or a range of various other reasons. This is why it is really important that you not rely entirely on a seller's word, however instead, use the vendor's answer together with your total due diligence. This will paint an extra realistic picture of the business's present circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Lots of operating businesses borrow money in order to cover items such as supplies, payroll, accounts payable, etc. Bear in mind that occasionally this can suggest that profit margins are too small. Numerous organisations fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that need to be satisfied or may cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location attract brand-new clients? Many times, operating businesses have repeat customers, which create the core of their day-to-day profits. Particular factors such as brand-new competition growing up around the location, roadway building, and personnel turn over can affect repeat consumers as well as negatively affect future earnings. One essential point to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business often, the greater the possibility to develop a returning client base. A final thought is the general area demographics. Is the business placed in a densely inhabited city, or is it located on the outside border of town? Exactly how might the local typical family earnings effect future revenue potential?