Business Overview

Charlotte NC Multi-Unit Burger & Bar Restaurants for Sale – Buy One or Both – Poised for Franchise & National Growth – 5-Star Reviews – Mint Condition – Profitable.

Charlotte NC Multi-Unit Burger & Bar Restaurants for Sale.

Buy One or Both.

Poised for Franchise & National Growth.

5-Star Reviews.

Mint Condition.

Restaurants are 20-minutes apart.

Unit One:
2,900/SF.
Seating for 67
Outside seating for 40
12-seat bar.
Rent $6,017 all in.

8-year lease.
2-5 year options to renew.

2021 Gross Sales are $100,000 per month.
2021 Net Profit is $20,000 monthly.

Full Management Team, Kitchen Management, and Great Staff in place for a flawless transition.

Owner training and support are included at no cost.
Priced at $449,000

Unit Two:
2,200/SF.
Seating for 60
12-seat bar.
Rent $4,300 all in.

9-year lease.
2-5 year options to renew.

2021 Gross Sales are $85,000 per month.
2021 Net Profit is $10,000 monthly.

Full Management Team, Kitchen Management, and Great Staff in place for a flawless transition.

Owner training and support are included at no cost.
Priced at $225,000

Priced at $649,000 for both Restaurants which includes all trademarks, name, concept, menu.

Seller will consider Owner financing for qualified Buyer.

Restaurants purchased individually will only get a license to operate with the use of trademarks, name, concept, menu.

Financial

  • Asking Price: $649,000
  • Cash Flow: $360,000
  • Gross Revenue: $2,200,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
About The Facility:

Unit One: 2,900/SF. Seating for 67 Outside seating for 40 12-seat bar. Rent $6,017 all in. 8-year lease. 2-5 year options to renew. Owner training and support are included at no cost. Priced at $449,000. Unit Two: 2,200/SF. Seating for 60 12-seat bar. Rent $4,300 all in. 9-year lease. 2-5 year options to renew. Owner training and support are included at no cost. Priced at $225,000. Restaurants purchased individually will only get a license to operate with the use of trademarks, name, concept, menu.

Is Support & Training Included:

Yes, ask broker for details.

Purpose For Selling:

Other business interests.

Pros and Cons:

Ask broker.

Opportunities and Growth:

Ask broker.

Additional Info

The real estate is leased by the company for $10,317 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals choose to sell companies. Nonetheless, the real reason vs the one they say to you may be 2 totally different things. For instance, they may claim "I have a lot of other commitments" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these might just be reasons to try to conceal the reality of transforming demographics, increased competition, current decrease in earnings, or a range of various other reasons. This is why it is very important that you not count entirely on a vendor's word, but instead, make use of the vendor's response together with your overall due diligence. This will paint an extra sensible picture of the business's current scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous operating businesses take out loans so as to cover items like stock, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can suggest that earnings margins are too small. Lots of businesses fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that have to be satisfied or may lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the area draw in brand-new clients? Most times, companies have repeat customers, which form the core of their daily earnings. Certain variables such as new competition growing up around the area, road building, as well as staff turnover can affect repeat clients and negatively impact future profits. One important thing to take into consideration is the location 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 regularly, the better the possibility to construct a returning consumer base. A last idea is the basic area demographics. Is the business located in a densely populated city, or is it situated on the edge of town? Just how might the regional typical family income impact future income prospects?