Charlotte

Listing ID: clt1163
Asking Price: $1,650,000
Sq. Ft.: 7500
Total Revenue: $3,600,000
Cash Flow: 500000
Rent: $15,000
Available Financing: true

WELL-ESTABLISHED SPORTS BAR FOR SALE – 500K ANNUAL CASH FLOW

This local sports bar & restaurant has been operating for nearly a decade, dominating this local Charlotte suburb. Current ownership, however, is ready to cash in their chips and pass the torch onto the next operator looking to ride this investment for the next decade.

With annual cash flow north of 500K, you won’t find a set of cleaner books. And you won’t find a more competitive lease anywhere in the CLT area. This one is locked in at well-below market rates for the next decade and beyond. Fully staffed with management in place, the next operator is set up to enjoy a host of benefits.

This place isn’t doing $3.6MM+ by accident. Ownership has created a masterpiece here that continues to wow patrons over and over again. Operating in a very affluent suburb of CLT, this is the Cheers of the community. It’s where the family enjoys an outing on a Saturday evening. And it’s where fans from all over come to enjoy every major sporting event – from NFL to NBA to MMA, there are TV’s strategically placed all over so that no one misses the final shot, the winning field goal or the next legendary knock out.

Here’s the specs …

Annual Revenue – $3.65MM
Annual Owner Benefits – $500K
Rent – $15,000/Month All In (more than a decade remains)
Full Management In Place – Just Needs A New Captain

To schedule a confidential review of this and other F&B businesses across the CLT metro, contact Scott Lee or Sherman Walters @ National Restaurant Properties.