Charlotte

Listing ID: clt1142
Asking Price: $1,295,000
Sq. Ft.: 8500
Total Revenue: $2,400,000
Cash Flow:
Rent: $12,000
Available Financing: true

Lakefront Bar & Grill – Unicorn Lake Norman Business Opportunity!

Legendary Bar & Grill For Sale On the Shorelines of Lake Norman
(Roughly 50% Owner-Financing Available For Qualified Candidate)National Restaurant Properties presents this unique opportunity to own a very profitable bar & grill overlooking the shores of beautiful Lake Norman.Apps & Taps has been operating at this location for nearly a decade. The owners though have decided to pass the torch and focus on other business ventures.This is an asset that simply can’t be duplicated. With new zoning regulations and set back requirements from the waters edge, there are only a handful of places that offer the views and boat accessibility that are offered here.The 8,500SF+/- includes the main level where you’ll find the main dining area & bar – with tons of seating (indoors & outside). On the 2nd level is an open event center that hosts live music, weddings and private parties for a significant year-round profit center (much of this profit is cash payment(s) in the form of cover charges & booking fees).Annual revenues for 2023 are on pace for $2.4 – $2.5MM – with a very healthy bottom line.

Menu offers a very simple pub fare that is known for quality. But let’s be honest – this place is where folks drive and boat from miles around to get their drink on! Live music is offered nearly year-round on every Friday & Saturday night. So this isn’t a pretentious crowd. Customers here come for the environment, the view and the cocktails.

If you’re looking for that unicorn on the water, that comes with a license to print money – this is an opportunity you don’t want to pass up.

Offered at $1,295,000
Owner Cash Flow: $300,000+
Annual Revenue: $2,400,000+
Lease Terms: New 10-year lease in place w/ two 5-year Options
Rent Rate:Contact the team @ National Restaurant Properties to schedule an interview and viewing.This is a public listing – however, PLEASE DON”T BE THAT GUY or GAL!! Be professional please.Feel free to visit as a guest and get a feel for the place. But please be respectful and don’t discuss the impending sale with staff. Loose lips will immediately disqualify you from being considered for this and other opportunities. Brokers have all documented Due Diligence items available – will share upon meeting qualifications.

To request more information about this listing, please contact:
Anthony Deresh


anthony@breadnbutterinc.com