Property summary
This established Mooresville, NC restaurant and bar is a turnkey opportunity for investors. Located in a high-traffic area, this 5,155 square foot franchise boasts a proven track record of success, with gross revenue exceeding $1.3 million and a projected owner benefit of $189,400 in 2024. The lease, expiring January 30, 2029, is a monthly rate. The spacious interior features a fully equipped bar, comfortable seating areas, a dance floor, and a large patio. The extensive equipment includes a state-of-the-art sound system, lighting, multiple TVs and projectors, a walk-in cooler, and a fully functional kitchen with multiple ovens, fryers, and prep areas. The sale includes numerous tables and chairs (both indoor and outdoor), umbrellas, and a fire pit. The current owner is selling for personal reasons and the existing staff is committed to staying on during the transition. Franchise training is available, and the business benefits from established brand recognition and ongoing support. The asking price is $459,000, and this is an asset sale
Property profile
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Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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