Business For Sale

Restaurant & 2 Income Properties 12 Lakeside Acres

Not Disclosed, NC
Rowan County


Asking Price: Annual Revenue:
$1,150,000 $275,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: Restaurant & 2 Income Properties 12 Lakeside Acres Broker: George Bradbury
Owner Financing is Available!
Will consider or as required by lender.

Quick Facts

Asking Price: $1,150,000
Annual Revenue: $275,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: $1,150,000
Year Established: 2014
Employees: 8
BBN Listing #: 96326351
Broker Reference #: RESTPROP1

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Business Overview:

This restaurant and 2 income producing properties combines outdoor lifestyle, watersports, country-living and the food and entertainment business! This successful lakefront establishment caters to locals and boaters enjoying time off as well as family and business special events such as weddings, birthdays and reunions. Large rooms are available for social gatherings.

The restaurant, located on 23 square mile lake near Charlotte, NC boasts expansive decks and multiple bars for lakeside dining, dancing and drinks right next to the dock. The menu is primarily steaks and seafood.

There is a fully equipped kitchen, all A/C units, refrigeration units, carpets and a hood fire system are new.

The offering includes 12 plus acres of land as well as a private residence and large metal fab building with additional living quarters providing an additional $24,000 of passive income. The property has lake and road frontage for maximal marketing exposure.

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Property Features and Assets:

The 6,230 Square Feet restaurant has had many Improvements include roofing and HVAC replacement as well as new handicap access doors, ramps and parking solutions. Has asphalt parking lot as well as plenty of room for boat trailers and drop off. Included us a 2,609 Square Feet house currently rented for $1,000 per month. Also included is a 3,680 Square Feet metal building/residence that is used for a shop and currently provides a monthly rent of $1,000. It is felt these rents are below market value.

Market Competition and Expansion:

Competition: There is one other restaurant on the lake that offers short order style food. Potential Growth: The addition of gasoline and open more nights would increase revenue and profits. The property can be developed for other uses including weekly and monthly rentals.

Reason for Selling:

Other business interest.

Additional Details:

  • The property is owned.
  • 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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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