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Iconic Bar and Grill for sale in Charlotte, NC

Charlotte, North Carolina (NC)

Asking Price: Gross: Cash Flow:
$ 395,000 $ 595,297 $ 150,264

Furniture and Fixtures Value:
$ 72,000 (included in the asking price)

Inventory Value:
$ 18,000 (included in the asking price)

Real Estate:
$ 1,050,000 (not included in the asking price)

Business Summary:
This TURNKEY local favorite has been established in the Charlotte area for nearly 50 years and is still going STRONG; Numbers are continuously stable and books are solid! Venue is less than three miles from the Panther/MLS stadium and the heart of uptown - anchored in trendy FreeMoreWest, a hot pocket of new growth, this is also a Qualified Opportunity Zone (real estate purchase)! Offering over 7000 sq’, this venue has seating for over 300 people. Also with a huge inviting Bar area, Happy Hour and sports traffic can be a huge benefit for the right buyer. Also a Dance Floor/stage area is perfect for live music and private parties. The PRIME Real Estate is also offered. The extraordinary tax benefits of a Qualified Opportunity Zone make this a most lucrative endeavor! All in asking $2,200,000.

 

   
Year Business was Established: 1975
   
Number of Employees: 15  
   
Reason for selling: Retirement  
   
Seller Reference Number: 19128
BusinessMart.com Listing Number: 241477
 

 

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For more info contact:

Michael Norman

The CBA Group
704-895-4274

CONTACT SELLER

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