Charlotte, North Carolina

Asking Price: $1,300,000

Listing ID: clt01034

Full Service

Sq. Footage: 10,000

Summary Description

This local’s spot, right outside of Charlotte, has a great American menu, a large separate bar area, and a nicely decorated dining room. The 10,000 sq ft facility on 1.1 acres has a sprinkler system so live concerts can be done here. The fully equipped kitchen has more than enough equipment to produce almost any menu. The owner is ready to retire. He has built the sales to $1.1MM a year, with a cash flow of over $200,000 to the owners in 2018. In 2019 the hours were scaled back and the profit came in at ~$140,000. Plus the owner is charging himself rent. This building and business will be a real money maker for the right operator. Land, building and business priced to sell at $1.3MM, or you can rent the property for $8,000 per month NNN and buy the business for $375,000.

table 7 - National Restaurant Properties

Property Financing

Financing is Not Available for this Property

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