Historic, Charming Restaurant and Bar - Community Favorite
- Primary Category: American Restaurants for Sale
This is a rare opportunity to own and operate a beloved family-owned restaurant and bar located 30 miles northeast of Charlotte, North Carolina. Established many decades ago, the restaurant has been a cornerstone of the community for years, earning a loyal customer base and a reputation for its warm, family-oriented atmosphere. On Friday nights the restaurant transforms into live karaoke attracting locals and patrons from nearby cities. With its exceptional home-cooked meals, extensive menu, welcoming environment, and entertainment options, the restaurant is uniquely positioned as a favorite of the piedmont region.
Cuisine and Offerings - The menu boasts a variety of Southern home-cooked classics such as ribeye steak, hamburger steak, Reubens, Philly cheesesteaks, blooming onions, and fried pickles. Daily specials keep the offerings fresh and exciting for regular customers, while breakfast favorites like omelets, pancakes, strawberry waffles, sausage, and bacon attract crowds on weekends. Signature dishes such as homemade mac & cheese, soups, and meatloaf have become staples, drawing in loyal patrons from across the region.
Entertainment and Atmosphere - The bar area enhances the dining experience with live music, karaoke nights on Fridays and Mondays, and other entertainment that fosters a vibrant and welcoming community vibe. The restaurant's unique combination of food and entertainment sets it apart in the market, making it a favored gathering spot for families, friends, and local residents.
Staffing Details- Currently, the restaurant employs 13 individuals. Employees work 26–36 hours per week, with some receiving consistent 40-hour schedules. All employees enjoy two days off each week.
Vendor Relationships and Food Practices - The restaurant prioritizes fresh ingredients, sourcing its meats and produce from vendors like D&L Packing, Broome’s Chicken Poultry, Variety Produce, US Foods, and Performance. Meat is never frozen, ensuring high-quality dishes that align with the restaurant’s emphasis on freshness and taste.
Licenses and Permits- The business holds up-to-date business licenses and health permits. A new owner will need to obtain their own liquor license, which involves background checks and approvals from local authorities.
This is a unique chance to own a thriving, well-established restaurant with a rich history and strong community ties. Take advantage of this incredible opportunity to build on its success and continue its legacy!
Financial Information
- $300,000 Asking Price
- $165,000 Cash Flow
- $861,500 Gross Revenue
- On request Down Payment
- Yes Financing
Business Location
- City: Piedmont Area
- State: North Carolina
Financing Comments
- Seller will consider some financing for a qualified buyer
Reason for Sale
- The current owner has operated the restaurant since 2019 and is ready to transition the business to a new owner who shares their passion for food and community, but does believes no restaurant experience would be needed.
Detailed information
- Year Established: 1940
- Home Based: No
- Franchise: No
- Relocatable: No
- Lender Prequalified: No
- SBA Prequalified: No
- Full-Time Employees: 12
- Part-Time Employees: N/A
- Contractors: N/A
- Owner Worked Hours/w: N/A
- Inventory Included: No
- Inventory Value: On request
- Monthly Rent: On request
- Real Estate Available: No
- Real Estate Included: No
- Real Estate Value: N/A
- FF&E Included?: Yes
- FF&E Value: On request
Training/Support
- Seller will negotiate a transition period
Facilities
- The restaurant features a spacious dining area capable of seating up to 187 guests and includes a fully equipped bar that serves as a hub for live music and karaoke events. The well-appointed kitchen includes modern equipment and ample storage to ensure efficient operations. Guests enjoy the cozy yet lively ambiance, which makes the venue a perfect fit for both family dining and community gatherings.
Market Outlook/Competition
- This restaurant offers numerous opportunities for expansion and increased revenue. Options include extending the breakfast menu beyond weekends, introducing seasonal dishes, and marketing the venue as a premier destination for live music and events. Enhanced marketing efforts in nearby cities such as Charlotte and Concord could further expand the customer base and boost sales.
Business Listed by
Tony Pearl
Sunbelt of CharlotteContact Business Broker
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