Family Bar and Grill Restaurant For Sale | Hanover County, North Carolina

Family Bar and Grill Restaurant For Sale in Hanover County, North Carolina for $2,400,000! Coastal location. Established business opportunity, currently grossing an estimated $2,900,000 and nets $558,309. Income based on an owner/operator role. Currently the restaurant offers lunch and dinner menus. There is seating for 75 inside and 100 outside. Plenty of opportunity to continue to increase revenue. This is well established restaurant with a loyal customer base and positive reviews.

Frequently Asked Questions:     Price: $2,400,000   Cash Flow: $554,309   Financing: No   Listing: Active

American Restaurant What is the current gross revenue for this restaurant? The current gross revenue being generated is estimated at $2,900,000.

How does the restaurant profit? Current profits are generated from the gross revenue, minus food purchases, payroll, supplies, and operating expenses. This will determine your net/cash flow.

Can I finance this restaurant? There is no seller financing. This business may qualify for a business or SBA loan. If more financing is needed you can review additional Financing Options Here.

What are my expenses and overhead for a restaurant business? Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. Current expenses for this owner include: payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and liability insurance.

Is the restaurant property owned or leased? The seller currently owns the property. New buyer will negotiate and sign lease terms with the property owner.

Where is the restaurant located? Located in Hanover County, North Carolina. Physical address will be released to qualified buyers upon execution of an NDA.

What type of equipment is included with the sale? Current list of equipment includes: convection oven, grills, fryers, stoves, hot steam table, warmers, commercial toasters, slicing machines, mixers, refrigerators, microwaves, walk in freezer, walk in cooler, bar supplies, POS systems, small wares, TV's, restaurant furniture, computer, camera system, office desks, printers, paper shredder and more.

What size and how many customers can this restaurant seat? Restaurant is 5,000+ sq. ft. and seats 75+ inside and 100+ outside.

Does this restaurant currently have a beer or liquor license? The current liquor license does not transfer with the sale. The new owner would need to be approved by the state.

American Restaurant Does the restaurant offer drive-thru or delivery service? There is no drive-thru or delivery service offered.

How long has the seller owned the restaurant? Seller has owned this restaurant for 7 years.

Why is the owner selling? Owner is retiring.

What are the hours of operation? This restaurant is operated from 11am to 10pm, Monday - Sunday.

What type of neighboring business are in the area? Neighboring businesses include retail stores and non competitive restaurant.

What do you recommend when purchasing a business? When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offer protection for your personal assets, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.

What else should I know? Opportunity to purchase a turnkey and well established restaurant with a loyal clientele and positive reviews. Includes all equipment. Plenty of opportunity to continue to increase revenue. Priced at $2,400,000. For additional information and to evaluate this business further Contact Us About This Restaurant Here!


Disclaimer: Restaurants For Sale is a Restaurant Broker that brings buyers and sellers together. Restaurants For Sale does not represent, or is not affiliated with the company or franchise being offered. All agreements are made between the buyer and seller and not Restaurants For Sale. It is the prospective Buyer's duty and obligation to verify the accuracy of the Sellerís representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on the efforts of the current owner. As with any business you can make more or less.

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