DURHAM, North Carolina
| Asking Price |
$114,000 |
Year Established |
2013 |
|
| Annual Revenue |
$280,933 |
Reason for Selling |
Relocation |
|
| Annual P/L |
$0 |
Attention |
Paul and Marianne Peterson |
|
| Annual Cash Flow |
$0 |
Listing Number |
1017543 |
|
| # of Employees |
7 |
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
Bring your concept to this bar business for sale with event space in downtown Durham. Presented by We Sell Restaurants as an asset sale, this approximately 5,118-square-foot venue offers an established bar layout, an open floor plan, and a standout outdoor setting. It is close to DPAC and Durham Bulls Athletic Park, with easy access to nearby parking. Owner financing available for qualified buyers.
The bar business for sale seats approximately 140 guests inside and 50 outside. The patio and beer garden include a fire pit, giving guests room to gather beyond the bar. Two food truck pads have wired electrical connections, adding another way to serve guests and support events. Inside, the long bar, sound system, TVs, and flexible table layout make the space well suited to watch parties, live music, and private bookings.
There is an opportunity to make special events a central part of the business. Market the venue for wedding receptions, celebrations, corporate gatherings, and other private events, alongside regular bar service. The current 4 p.m. to 10 p.m. schedule also leaves room to explore additional hours and event bookings, subject to applicable approvals and lease terms.
Bar equipment and furnishings include a walk-in cooler, undercounter coolers, keg cooler, ice machine, ice well, chest freezer, glassware, smallwares, approximately 30 tables, bar stools, flat-screen TVs, a digital menu board, security cameras, and a safe. A grease trap is in place, though the space does not have a hood. A full liquor license is currently in place; buyers should confirm licensing requirements for their proposed operation.
Total monthly rent is approximately $17,250. The business currently operates with approximately seven employees, and the seller is pursuing another opportunity. Whether you envision a neighborhood bar, a cocktail lounge, or an event venue with a strong bar program, this is a chance to put your concept into a distinctive downtown Durham space.
Contact We Sell Restaurants for equipment and lease details or to schedule a confidential showing.
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Property Features and Assets:
Walk In Cooler, Under Counter Cooler, Ice Machine, Freezer Chest, 30 Count of Tables, Seating capacity 180 people, Keg Cooler, Ice Well, Sound System, Bar Glassware and Smallwares, Bar Stools, Security System with Cameras, Safe, Store D?cor, Flat Screen TV?s, High Chairs, Trash receptacles, Utility Carts, Digital Menu Board
Market Competition and Expansion:
Great area of Durham! High density area with ample residential dwellings and captive customer base.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity