MergerPlace

Great Pub and Restaurant - Semi-Absentee

North Carolina (Wake)


  • Asking Price: $325,000
  • Gross Income: $1,208,261
  • Cash Flow: $142,934
  • Real Estate: Not Disclosed
  • Inventory: $11,000
  • FF&E: $55,000
  • Listing ID: #205459
  • Established: 2009
  • Employees: 5 FT/ 32 PT

Business Description

A wonderful eating, drinking and gathering place! Currently being run mostly absentee due to young family commitments. Just like the cleanliness of the town that surrounds it, this pub and restaurant's well maintained facilities and dining area makes for a nice day watching "the Game" or evening out on the town. The business mixes a family restaurant environment with the subtle hint of a bar atmosphere by incorporating restaurant style seating around a beautiful bar area. The employees exemplify kindred spirits and the upmost hospitality to all guests, making it a family environment where all are welcome. With televisions located throughout the restaurant, for your convenience, combined with an inviting atmosphere, this is a fantastic place to bring the family or yourself out for an enjoyable day/evening.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: North Carolina
County: Wake

Company Information

Year Established: 2009
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 5 FT/ 32 PT

Financial Information

Asking Price: $325,000
Gross Revenue: $1,208,261
Cash Flow: $142,934
FF&E: $55,000
Inventory: $11,000
Seller Financing Available: No

Property Information

Facilities:

With everything up to date and a fantastic layout, the facilities are nothing short of impressive. Situated just outside of Raleigh, this is a community with easy access to the shops, sports and entertainment of a bigger city. And while living outside and away from the city might seem like a hassle, this distance comes with perks. A solid school system, a safe community and increased opportunities for job growth mean living in the smaller town pays off. Located between Raleigh and Research Triangle Park, this offers easy access to NC State University, Duke University and the University of North Carolina at Chapel Hill. There are also major employers based in the smaller town, such as SAS, which employs over 5,000, or sectors of companies like Fidelity Investments, Met Life and Verizon. Jobs are expected to skyrocket in the next five years, at a rate of 11.3%. It's also relatively affordable, with median home prices of $319,000 and average property taxes of $3,168.

Growth & expansion opportunities:

Revenue has been incredibly steady in the $1.2 Million range, even with mostly absentee ownership. Revenue could be increased with greater emphasis on catering and/or addition of a food truck!

Competition:

This is a competitive Industry, but few competitors in the area rise to this level.

Reason for selling:

Seller opened this wonderful business before the demands of family. Now the demands of her young family and progress of spouse's career, make this a good time to exit and monetize the investment.

Support & Training:

Will train for 2 weeks @ no cost. The Pub combines the appeals of a fully functioning bar with comfort food and televisions, an environment that all can enjoy. Providing a wide variety of food choices, from the Bruschetta Burger to the Sunday brunch or a chef salad, there is no shortage of options. There are close to fifty tables to choose from inside as well as a nice outside patio section for people to relax.

Contact Business Seller

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Business Listed By:

Don Emmett

Murphy Business Brokers