Long Standing Successful Restaurant Southport

Southport, NC
Brunswick County


Asking Price: Annual Revenue:
$1,500,000 $750,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Long Standing Successful Restaurant Southport Broker: Joan Loch
License #: 295245

Quick Facts

Asking Price: $1,500,000
Annual Revenue: $750,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: $550,000
Year Established: 1996
Employees: Not Disclosed
BBN Listing #: 289363669
Broker Reference #: Not Disclosed

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Business Overview:

For sale is both the business and the real estate known as Dry Street Pub & Pizza in a prime location on the main avenue in Southport NC. Dry Street Pub & Pizza was established in 1996 and has been successful from the beginning. The owners and the business are an integral part of the community.

Revenue is strong and new owners can rely on taking a salary and/or dividends. Additional opportunity to grow revenue would be available by adding hours on Sunday and evening hours on Monday, add music events or open earlier for breakfast.

The setting for the restaurant is quaint and casual. There is seating inside and outside total for 98. All operating systems are in place and staff is willing to stay on.

A buyer interest must be financially able to fund the purchase, show proof of funds within their personal financial statement and have operating capital to assume the lease. Owners selling to partially retire. Owner(s) will stay to train during a transition period up to 30 days.

All FF&E and inventory conveys with the sale.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Long Standing Successful & Casual Restaurant Opportunity in Southport Business and Real Estate.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is not 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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