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Restaurant and Bar at the Beach - SOLD

Location: North Carolina

ID: (#200865)

This Business Has Been Sold.
200865
Price:$3,500,000
Revenue:$3,200,000
Cash Flow:$0
FF&E (Assets):$145,000
Inventory:$30,000
Real Estate:$2,000,000

Overview

Highly profitable Bar & Restaurant on Pleasure Island, 14 miles from downtown Wilmington NC.
Great management team in place, excellent location and proven concept.

Asking price includes Real Estate. Tax returns and detailed P&L statements will be provided to qualified buyers.

Details

Reason for Selling:

Retirement

Established:

2011

Employees:

30

Furniture, Fixtures, and Equipment (FF&E):

All trade fixtures, equipment, furniture and decoration currently used and useful in the business are included in the asking price.

Facilities:

Land and building included in the asking price.

Inventory:

Food and beverage in stock at the time of sale are included in the asking price.

Competition:

Local competing businesses have not impacted continued growth of the business.

Opportunities for Growth:

Expanding opening hours, and adding catering are potential grwoth opportunities.

Support and Training

Owner will provide training and transition support as required and subject to negotiation.

Broker Contact Information

  • Regina Fisher
  • North Carolina - Wilmington
  • (910) 520-0737 Mobile
  • (910) 520-0737 Office
  • (910) 623 9033 Fax
  • Appointment Only:
  • NC #282486
  • North Carolina - Wilmington
  • By Appointment Only
  • 1314 Culbreth Dr
  • Wilmington, North Carolina 28405
  • Real Estate Broker: NC #282486