Popular Sports Bar and Grill

Boone, NC
Watauga County

Asking Price: Annual Revenue:
$345,000 $1,100,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Popular Sports Bar and Grill Broker: Jim Baker
License #: U812..773

Quick Facts

Asking Price: $345,000
Annual Revenue: $1,100,000
Net Profit: $125,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Florida
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 69207375
Broker Reference #: Not Disclosed

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Business Overview:

Touted as the #1 sports bar and grill in North Carolina's High Country, this award -winning restaurant beckons to any prospective buyer who is interested in offering excellent food, comfortable atmosphere and... sports, sports, and more sports!
Established in 2012, the 3,600 square foot restaurant/ bar can accommodate 150 customers, many of whom enjoy the 42 HD TVs offering sports coverage which includes: NFL games, college networks, UFC fights and, virtually, all mainstream sporting events as well as the Golf and Tennis Channels and Fox Sports Network.

While seated at the large U-shaped bar, one can enjoy outstanding food, friendly conversation and prime time sports viewing. With a gross revenue of $1,049,462,this is virtually the only true sports bar in the region, thus the level of competition is practically nonexistent. Accolades include " Best of the Best" sports bar voted by the Watauga Democrat for four years since its inception as well as being voted " Best Wings" by the nearby Appalachian State University student body. Catered events are often held by the university's Greek organizations while corporations also take full advantage of this outstanding bar and grill ; additionally, the location is in close proximity to various ski destinations, the Blue Ridge Parkway and a plethora of outdoor activities, in general.

Operationally, this business is turn-key with 20 employees; the owner, who is retiring, will negotiate an on-site transition period to assist with new ownership. Included in the $325,000 asking price are the inventory(valued at $7,500 ) as well as the furniture, fixtures and equipment (valued at 100,000). Having recently renewed the second 5-year lease of a 10-year total lease, a new owner may renegotiate with the landlord for an extension.
Worthy of note, also, is a large walk-in cooler/freezer adjacent to the kitchen, restrooms are completely tiled and well-maintained in addition to a newly-installed 16 camera video system. Hours of operation are 7 days a week from 11 AM until midnight with select nights of team trivia, 45 cent wings, karaoke and dart leagues.
All in all, a bar and grill located in one of the most picturesque settings in the continental United States offers everything that a prospective restaurant owner could want: a stellar reputation in the area , outstanding revenue and the opportunity to own a business that seems to emanate with energy and good times!
Allow us to assist you in learning more about this remarkable sports bar!

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Property Features and Assets:

Cash Flow: $100,000 - $250,000

Additional Details:

  • The property is leased.
  • 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.

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