Prime Charlotte Bar & Lounge Opportunity
Restaurants & Food Businesses for Sale
- Primary Category: Bars, Pubs & Taverns for Sale
Discover a unique investment opportunity in one of Charlotte's most vibrant neighborhoods. This established bar offers a qualified buyer a unique opportunity with low fixed costs in a prime location, of the Queen City.
Key Features:
- Great location with high foot traffic
- Strong local reputation and loyal customer base
- Proximity to complementary businesses
- Fully equipped bar with top-of-the-line fixtures and tools
- Experienced and trained staff
- Established relationships with local suppliers and distributors
Don't miss this chance to own a piece of Charlotte's vibrant nightlife scene and social culture. This occasion offers not just the chance to own an established, successful business, but an opportunity where an owner-investor can let their own hospitality passion shine, and to be a central part of experiences in one of the city's most dynamic neighborhoods.
Financial Information
- $495,000 Asking Price
- $203,156 Cash Flow
- $730,168 Gross Revenue
- On request Down Payment
- Yes Financing
Business Location
- City: Charlotte
- State: North Carolina
Financing Comments
- Seller will consider some financing for a qualified buyer
Reason for Sale
- Owner pursuing other ventures
Detailed information
- Year Established:
- Home Based: No
- Franchise: No
- Relocatable: No
- Lender Prequalified: No
- SBA Prequalified: No
- Full-Time Employees: 1
- Part-Time Employees: 8
- Contractors: N/A
- Owner Worked Hours/w: N/A
- Inventory Included: Yes
- Inventory Value: $15,000
- Monthly Rent: $4,336
- Real Estate Available: No
- Real Estate Included: No
- Real Estate Value: N/A
- FF&E Included?: Yes
- FF&E Value: $25,000
Training/Support
- The owner is willing to stay on in a training and transition capacity for an agreed term post-sale.
Facilities
- This bar and lounge boasts a location near public transit and popular dining destinations. The intimate setting is full of youthful energy, enhanced by its walkability and ease of access to other nearby businesses. In addition to the charming interior suite, the property has ample outdoor seating which can be enjoyed. Opportunities to increase operating hours, expand private event and onsite classes, expand food offerings by outsourcing preparation
Market Outlook/Competition
- Within a mile radius, there are 10 to 15 bars; however, very few craft bars are in the same neighborhood. Most direct competitors are located in other neighborhoods like NoDa, Uptown, Elizabeth, and Myers Park. We benefit from nearby restaurants as we often receive customers who area waiting for their table to be ready which in this neighborhood can be up to 2 hours on weekends.
Business Listed by
Michael Saldutte
Sunbelt of CharlotteContact Business Broker
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