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Pub & Restaurant – Absentee Owner - UNDER CONTRACT

Location: North Myrtle Beach

ID: (#200809)

This Business Has Been Sold.
200809
Price:$1,500,000
Revenue:$1,923,000
Cash Flow:$731,000
FF&E (Assets):$200,000
Inventory:$22,000
Real Estate:$0

Overview

Very popular Pub/Restaurant that serves lunch and dinner.
Indoor and outdoor seating, heated tents for colder months.
Great team in place, fully staffed and the three managers (Chef, Bar, Front) have been with the business for many years.
Established systems and processes, open 6 days per week. 5 min from the beach.

3 BR apartment above the restaurant with separate entrance part of the leased space, can be used for AirBnB, owner's quarters or else.
Owner checks in occassionally but is not involved in the operation. This is an absentee owner business.

*Images are stock photos and do not reflect the actual business or product line

Details

Reason for Selling:

Retirement

Established:

2007

Employees:

17

Furniture, Fixtures, and Equipment (FF&E):

All equipment and furnishings useful and used in the business convey with the business sale.

Facilities:

Leased space includes living quarters above the restaurant. Located 30 min from North Myrtle Beach. Optional separately for sale.

Inventory:

Approximately $20,000 -25,000 in food and drinks in stock at any given time.

Competition:

Only pub in the area with a great atmosphere, and a great selection of top quality food.

Opportunities for Growth:

Possibility to open all 7 days per week, or expand opening hours into breakfast, or late night.

Support and Training

Seller will provide any required training and transition support during the first 30 days, and will be available on call thereafter.

Broker Contact Information

  • Regina Fisher
  • North Carolina - Wilmington
  • (910) 520-0737 Mobile
  • (910) 520-0737 Office
  • (910) 623 9033 Fax
  • Appointment Only:
  • NC #282486
  • North Carolina - Wilmington
  • By Appointment Only
  • 1314 Culbreth Dr
  • Wilmington, North Carolina 28405
  • Real Estate Broker: NC #282486