Listing ID: 67734
Amazing location! Restaurant for Sale and Lounge for sale in one of the most desirable area of Charlotte ! This opportunity will not last long! Contact us today before its gone!
This Restaurant for Sale is an awesome space on a prime corner! No expense was spared in the design and layout of the space. Custom design and decor throughout. With spacious seating inside and comfortable seating outside, this is a place customers want to come back again and again. Located in a heavy traffic area surrounded by residential, retail and offices. Many new condo buildings are being built in the area which will increase foot traffic. Popular restaurants nearby. It is rare to see a business like this on the market, but is an exciting opportunity for any Restaurateur.
Plenty of space in this Restaurant for Sale by We Sell Restaurants. Total square footage is at 2500 square feet with an all-in monthly rent of $7,000. The facility provides a total of 110 seats. The main dining room seats 60 guests and 20 guests in the private lounge area, plus a patio area that can seat 30 guests outside. Perfect for any upscale, chef driven, breakfast and lunch cafe, cutting edge or full service concept will work at this location. Bring your own concept here- this space can be easily converted to any type of restaurant!
The menu/concept can be kept the same or converted to your own. There is room to increase prices and maximize dinner options as well as late night food. Currently hours of operation are Wednesday- Thursday 5pm-10pm and Friday and Saturday 5pm-11pm. The business could also expand to provide more catering options for customers. Large, fully equipped kitchen for high volume in-house dining, take-out and catering. This kitchen is equipped with such items as walk in cooler and freezer, dish system, hood, deep fryer, deli table, convection oven, stovetop, server station, meat slicer, and the list goes on and on.
Do not miss this rare opportunity! Complete confidentiality today!
- Asking Price: $699,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,500
- Lot Size:N/A
- Total Number of Employees:15
- Furniture, Fixtures and Equipment:N/A
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
Available with Seller
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
Key business for expansion and growth Charlotte is the number 2 metro in the US for economic growth
The business was founded in 2019, making the business 3 years old.
The business has 15 employees and resides in a building with estimated square footage of 2,500 sq ft.
The building is leased by the business for $7,000
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell businesses. Nevertheless, the genuine factor and the one they say to you might be 2 absolutely different things. For instance, they may claim "I have way too many various obligations" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might simply be justifications to attempt to hide the reality of transforming demographics, increased competitors, current reduction in revenues, or a range of various other reasons. This is why it is really important that you not depend absolutely on a seller's word, however instead, use the vendor's answer in conjunction with your total due diligence. This will repaint a much more realistic image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of operating businesses borrow money in order to cover items like supplies, payroll, accounts payable, etc. Remember that sometimes this can mean that earnings margins are too thin. Many companies fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that must be fulfilled or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area bring in new customers? Many times, businesses have repeat consumers, which create the core of their daily earnings. Specific elements such as new competitors growing up around the area, road building and construction, as well as staff turn over can affect repeat clients and negatively impact future incomes. One vital point to think about is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Certainly, the more individuals that see the business on a regular basis, the greater the possibility to build a returning client base. A final thought is the basic area demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? Exactly how might the regional typical household income effect future revenue prospects?