GREAT OPPORTUNITY! Established Restaurant Business and Bar in a fantastic location on E Main St in Albemarle, NC. Just up the street from the new Pfeiffer University this 6,256 sq.ft. building is for sale at $509,000 or you may lease the building at $3,500 a month. The restaurant business is for sale for $250,000 and the current owner is willing to finance part of the business. With a current gross revenue of $725,000 and an annual cash flow of $110,000 this restaurant has a massive opportunity for growth for the right entrepreneur. With a fully equipped business, seating inside for 160 and 35 on the patio, clientele, 18 employees, an inventory of $8,000 and an owner willing to remain on the premises for 2 weeks at no cost, the new owner will be income producing from day one. The building boasts 140' of building front, 198' of road frontage and enough parking area for 50 vehicles. One end of the building has a separate space that can be leased or opened into the restaurant area.
Cable, City Sewer, City Water, Electricity, Gas
Glen Alford Realty LLC.
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Listing information last updated on June 17th, 2019 at 5:28am CDT.