Profitable Bar in Durham

Durham, NC
Durham County

Downtown


Asking Price: Annual Revenue:
$225,000 $315,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: Profitable Bar in Durham Broker: Seller of Business
Owner Financing is Available!

Quick Facts

Asking Price: $225,000
Annual Revenue: $315,000
Net Profit: Not Disclosed
Cash Flow: $45,000
Total Debt: Not Disclosed
FF&E: $160,000
Real Estate: Not Disclosed
Year Established: 2014
Employees: 6
BBN Listing #: 3436351
Broker Reference #: DURHABAR1 *716*

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Business Overview:

Situated in Downtown Durham, NC this bar has been open for 5 years and is located on a busy street. Since its opening it has become a meeting place for locals, business people and the college crowd. This asset sale provides an incredible opportunity for a bar operator to acquire an excellent location complete with all the equipment. Beer drinkers are treated to many of North Carolina craft beers and non-local beers on tap. This location offers an attractive outdoor patio and approximately 20 parking spaces. This is a rare move-in ready opportunity for the right bar to share their talents and concept. The owner will work with the buyer for 80 hours over one moth to insure a smooth transition.

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Property Features and Assets:

Type of Location: Stand Alone Monthly Rent: $8,000 Monthly Common Area Maintenance: $750 Square Footage: 3,200 The building has 3,200 square feet with additional space for seating outside. There are approximately 20 parking spaces. The owner will only lease the building at a competitive rate of $8,000 per month. The building has been recently upgraded with many leasehold improvements including a new HVAC system and fire protection.

Market Competition and Expansion:

There are many bars and restaurants but most focus on different demographics. Either late night eats or older clientele. This bar appeals to undergraduate, graduate students and the service industry. There is an opportunity to market to new residents, a slight concept change and mare advertising. Adding food with a permanent food truck or installing a kitchen would increase revenues dramatically.

Reason for Selling:

Owner has other business interest that requires hi

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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