Sports Bar for Sale Ready for New Owner

Concord, NC
Cabarrus County


Asking Price: Annual Revenue:
$399,000 $1,178,574

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Sports Bar for Sale Ready for New Owner Broker: Justin Scotto

Quick Facts

Asking Price: $399,000
Annual Revenue: $1,178,574
Net Profit: $86,674
Cash Flow: $174,699
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2016
Employees: 24
BBN Listing #: 67158096
Broker Reference #: 7469

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Business Overview:

Franchise Sports Bar for Sale in desirable Charlotte North Carolina Market. 2019 Annual Sales Trending at Over $1.5 Million with Annual Earnings for a Semi Absentee Owner of More Than $247,000....Even More For an Owner Operator. Can change concept instead of current Franchise! Looking for Absentee Ownership and cash flow in the same business, then this is a winner for you ! This Charlotte Market Sports Bar for Sale is Priced to Sell ! Huge opportunity that will not last long. Seller is moving onto other opportunities and ready to hand off the golden baton to any new owner looking to walk into profit on day one. This is a rare opportunity and will not last long. Currently this is operating as a franchised sports bar, but the opportunity is there to re-brand. Save the royalty payments of over $58,000 with a customer base already established and create your own bar. Situated on one of Charlotte's busiest highway exits. Plenty of hotels and traffic around to make it a major destination. This Sports Bar for Sale is just off a major interstate with over 150,000 cars per day. Seller is absentee and only visits a few hours a week. Open and operating for almost three years, this Franchised and Profitable sports bar for sale located in the Charlotte North Carolina Market is already averaging $120,000 per month in sales. The owner has to sell for personal reasons so this beautiful new Restaurant and Sports Bar for sale. The hard work is done on site selection, demographic studies and the build out. All that is needed now is a new owner to keep the momentum. Ask the Restaurants Brokers more about this opportunity today! This Sports Bar for sale is in a freestanding location with plenty of dedicated parking. The inside square footage of 8000 square feet can accommodate over 250 guests. In addition to the inviting bar and dining areas there are tons of large HD TVs for all your viewing pleasures. There is also a patio that increases the capacity to well over 300 at this profitable sports bar for sale. The lease has another 18 years on it along with options to extend so the next owner can count on plenty of addition years of growth and success. Even some room to negotiate with the landlord. Kitchen has all the equipment needed to continue as any branded or independent sports bar. The Kitchen in this sports bar for sale is built for large volume sales. Equipment items such as hood system, deep fryers, walk in coolers and freezers, deli tables, plenty of storage, work tables, and much much more. The current owner will guide and train a new buyer on how to use marketing, Social Media, and other special events to grow sales and revenue at this sports bar for sale. The size and location of this Sports Bar for sale is destined to be a Charlotte hot spot to catch all the great college and professional games throughout the year both day and night. Rare opportunity will not last long with so many benefits for an absentee owner. Looking to make more, then be the owner operator of this sports bar for sale and really flow the cash in . Make an offer today!

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Property Features and Assets:

KITCHEN EQUIPMENT QTY DESCRIPTION 1 Bakers Pride P48S Electric Countertop Bake and Roast Oven 4300 Watt 1 Bakers Pride T1121Y 20 3/4 x 20 3/4 Deck 1 Turbo Air TCBE-82SDR 84 Four Drawer Refrigerated Chef Base 19 cu. ft. 2 41 1/2 High Pre-Rinse Faucet with Adjustable 8 Centers 2 Regency 20 Pan End Load Bun and Sheet Pan Rack Unassembled 1 48 x 24 Medium Duty Cookline Equipment Stand with Galvanized Undershelf and Casters 1 Avantco SL310 10 Manual Gravity Feed Meat Slicer 2 Avantco W50 12 x 20 Electric Countertop Food Warmer 120V 2 Avantco SCL2 48 Sandwich Salad Prep Refrigerator 1 Avantco SCL2 60 60inch Two Door Sandwich Salad Prep Refrigerator 1 Avantco TUC48F 48 Double Solid Door Undercounter Freezer 1 Cooking Performance Group CBR24 24inch Gas Radiant Charbroiler 80000 BTU 1 Three Compartment Stainless Steel Commercial Sink with 2 Drainboards 103inch Long 1 Stainless Steel One Compartment Commercial Sink with 1 Drainboard 18 x 18 x 14 Bowl 2 Regency Stainless Steel Double Deck Overshelf 12 x 48 x 32 1 Regency Stainless Steel Double Deck Overshelf 12x 60 x 32 2 Regency 18 Gauge 24x 84 304 Stainless Steel Commercial Work Table with Undershelf 1 Regency 18 Gauge 30 x 60 304 Stainless Steel Commercial Work Table with Undershelf 1 Star 860TA Ultra Max 60 Countertop Gas Griddle with Snap Action Controls 150000 BTU 1 Star 848TA Ultra Max 48 Countertop Gas Griddle with Snap Action Controls 120000 BTU 6 Avantco FF300 40 lb Stainless Steel Floor Fryer 3 Tubes 90000 BTU 1 Cooking Performance Group 24CPGV4BS20 4 Burner 24in Gas Range with 20in Space Saver Oven 3 Regency 17 x 15Wall Mounted Hand Sink with Gooseneck Faucet 1 Left Regency 16 Gauge 3'ft Soiled Dirty Dish Table 1 Right Regency 16 Gauge 2ft Clean Dish Table 1 Regency Wall Mounted Pre-Rinse Faucet with Wall Bracket 1 Regency 19 1/2in x 19 in x 4 18Gauge Stainless Steel Scrap Pre-Rinse Basket TABLES CHAIRS QTY DESCRIPTION 95 BLACK LADDERBACK METAL CHAIRS With CUSHION 103 BLACK LADDERBACK BARSTOOL CHAIRS With CUSH 65 MAHOGONY LADDERBACK WOODEN BARSTOOLS W/CUSHION 8 30X30 PEDESTAL TABLES BLACK TOP 13 36X36 PEDESTAL TABLE BLACK TOP 15 36X36 BAR PEDESTAL TABLE BLACK TOP 22 24in ROUND BAR PEDESTAL TABLE BLACK TOP 7 30in ROUND BAR PEDESTAL TABLE BLACK TOP 7 36in ROUND BAR PEDESTAL TABLE BLACK TOP 4 32X32 Square Mesh Top Table Gray 12 36X36 Square BAR Height Mesh Top TableGray 4 48 Round Mesh Top TableGray 32 MONTE CARLO PATIO ChairGray 48 MONTE CARLO PATIO Bar StoolGray

Market Competition and Expansion:

Sports Bar Destination Fast Growing City

Reason for Selling:

Personal

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 a franchise resale opportunity.

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