Broker Name:Pete DeVita
Broker Email:pete@newsouthbusinessbrokers.com
Broker Phone:910-262-2113
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Highly Rated Restaurant & Brewery REDUDCED TO $365K!!!-SOLD!
New Hanover County, NC
Listed Price: $ 365,000

Listing DetailsGross Revenue: $ 700,000
Cash Flow: $ 122,000
FFE: $ 700,000
Absentee Owner: No
LocationLease Expire: 0000-00-00
SummaryBusiness Description:

REDUCED TO $365K!!! One of the hottest businesses to own and operate over the last 10 years is a brewery and restaurant! This could be your once in a lifetime opportunity to own an established operation for ONLY $365K!-  less than half of what it would cost to start from scratch. The average cost of starting a business like this could easily exceed $800,000.00, not to mention all the permitting, marketing, hiring, and training of your staff.  Located in one of the largest cities is Southeastern, NC, the business was on track to do $700-800K this year before the COVID-19 issue forced it to temporarily close. Their business plan generated for their SBA loan projected $1.2 million in year three and 1.6-$1.8 million in year four, and they are currently rated the #3 Brewery in the area and #2 Brew Pub in North Carolina!  Assets, inventory, FF&E, and up fit expenses exceeded $700K.  Cash flow to owner , based on projected sales is $122,000.00 and there is nothing but 4 &5-star ratings for their customer reviews!!  For only $365K, this is one of the best priced businesses we've ever had - and it won't last long! Some SBA financing is assumable to an approved buyer. Call Pete DeVita (910) 262-2113 for details about this fabulous opportunity!