1564 Mkt Pl Blvd Ocean Isle Beach, NC 28469

Property Details for 1564 Mkt Pl Blvd

Property size

4,216 SF

Property type

Hospitality properties

Description

This exceptional Class A restaurant, Amelia's Bar & Grille and Tap Time Tap Room, is located in Ocean Isle Beach, NC, a rapidly growing area of Brunswick County. Boasting 4,216 square feet, this thriving establishment includes a full chef's kitchen, two fully stocked bars, ample storage, and a dedicated private dining/event space. With seating for 185 (20 outdoor, 30 bar, 106 dining), it serves breakfast, lunch, and dinner six days a week, featuring a diverse menu of homemade dishes, including fresh seafood, gluten-free, and vegan options. The addition of the Tap Time Tap Room in January 2024 provides expanded seating and a second bar, enhancing the customer experience and creating opportunities for private events. The business enjoys a loyal clientele and benefits from the significant population growth in the area, with over 10,000 new homes completed in the last five years. High barriers to entry for competitors due to impact fees protect this business from new competition. 2023 financials show revenue of $1.5 million and an Adjusted EBITA of $163,623. The current chef and operational partner are willing to stay on for a transition period. The asking price is $699,000, and SBA financing pre-approval is available. The owners are selling to pursue other investments. This presents a unique opportunity to acquire a profitable, established restaurant in a high-growth market with significant upside potential.