Irish Pub and Restaurant for sale, turnkey!

Undisclosed Address, Wilmington, NC 28412
Business Opportunity for Sale
Sale Pending
Catylist Listing ID: 30566038
Property Subtypes: Food and Beverage
Status: Pending
Building Size (RSF): 2,400 SF
Sale Price: $135,000
Name of Establishment: Confidential
Year Business Established: 2015
Gross Revenue: $1,000,000 (Annual)
Cash Flow: $0 (Annual)
Cash Flow Type: EBITDA
Sale Terms: Cash
Last Updated: 6/15/2021

Overview / Comments

Offering a turnkey operation ready for new ownership! This is a neighborhood Irish pub that offers full-service food and beverage with a loyal following. 2400 sq ft inside. Located in a large mixed-use shopping center at one of the busiest intersections in the city. All furniture, fixtures and equipment will convey with the sale. Lots of room for growth! Location is leased, the new buyer will be vetted by the landlord. Property has 1,000sq ft + outdoor patio area /seating as well. 2 years left on lease with (2) five year options to renew.
Assets and goodwill convey, this is an opportunity to re-brand or alter existing brand but current name does not convey.

Additional Details

Industry Segment: Restaurants
Reason for Selling: Seller has other operations, and is focusing on them.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: 5700 per month + CAM 2 years left on lease with (2) five year options to renew.
Employee/Labor Description: All can convey
Mgmt/Training Support Description: 2 weeks +/- of full transition cooperation from current owner.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,598 43,592 84,140
Median Age: 34.46 38.78 40.63
Households: 2,114 18,331 35,927

Contact

Photograph of Listing Agent

Christian Cardamone

Keller Williams Realty NCCMLS Member
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