Established Turnkey Nightclub w/Absentee Ownership

Not Disclosed, NC
Mecklenburg County

Lake Norman

Asking Price: Annual Revenue:
$340,000 $561,511

Food & Beverage: Bars, Clubs, Nightspots

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RE: Established Turnkey Nightclub w/Absentee Ownership Broker: Joe Vagnone
Owner Financing is Available!
Seller will consider some financing to the right, qualified buyer.

Quick Facts

Asking Price: $340,000
Annual Revenue: $561,511
Net Profit: Not Disclosed
Cash Flow: $78,430
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1999
Employees: 6
BBN Listing #: 32316351
Broker Reference #: BAR1

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Business Overview:

Where everybody knows your name.....

One of the oldest, most established bars in the Lake Norman, NC area, this business is conveniently located in the heart of a great, upscale community on one of the busiest traffic areas in town. A great live music venue, this business is consistently profitable, with many regular patrons and is always welcoming new members! Veteran experienced and knowledgeable staff make this business the ideal business for a new, engaged owner.

Listing Features:

Great relationship with the landlord - long-term lease with renew options

Great venue for live music

Outdoor area with walk-up bar

Trusted, dependable staff with many years' longevity

Absentee Ownership

The cash flow average is approximately $140,000 per year. Before and now after COVID-19, this business is continuing to cash flow at $140,000 with absentee ownership. Do not let this opportunity pass you by - Inquire Today!

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Property Features and Assets:

This business is located in a strip center with plenty of parking.

Market Competition and Expansion:

Competition: With many competitors in the market area, this business competes on the basis of offering more live music to patrons in a larger venue. Potential Growth: Growth potential is limited only to the creativity of a new owner.

Reason for Selling:

Owner pursuing other interests / investments.

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.

Relevant Links:

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