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Iconic Downtown Wilmington Sports Pub For Sale

Wilmington, North Carolina, US
Asking Price:
$1,200,000
Sales Revenue:
$1,500,000
Cash Flow:
$360,000

Iconic Downtown Wilmington Sports Pub

One of Wilmington's most popular sports pubs is now for sale. A favorite among the locals and tourists, this business has seen continued growth over the years. With Downtown Wilmington's amazing growth throughout the pandemic, everyone wants their "Cheers" place...where the staff knows your name, your favorite meal and your drink. This is the place!!

With knowledgeable staff willing to stay with the sale. This is an asset purchase to include the rights to the name/brand, trademark, receipts, furniture, fixtures, equipment and goodwill to include all website, social media, and vendor relationships. Restaurant is priced to sell!!

To learn more about this exclusive offering, contact us for confidential discussions and explore the possibilities that await. All interested parties must sign a Non-Disclosure Agreement and be financially able to fund the purchase by showing proof of funds within their personal financial statement.

Property Information

Real Estate:

Lease

Lease Terms:

Lease Expiration:
5/31/2027

Location:

Wilmington, NC (New Hanover County)

Premises Details:

A favorite among the locals and tourists, this landmark business has seen continued growth over the years. With Downtown Wilmington's amazing growth throughout the pandemic, everyone wants their "Cheers" place...where the staff knows your name, your favorite meal and your drink. This is the place!!

Size in square feet:
3,300

Business Operation

Competition / Market:

Historic Downtown Wilmington is undergoing unparalleled growth and development. With the renewed demand for urban living and remote workplace environments the year-round population doubled over the past four years. With the growth of the Wilmington MSA, along with Brunswick County just across the Cape Fear River (recognized as the 2nd fastest growing county in the country), comes the demand for upscale hotels, shops, and outstanding restaurants. These new residents to our market come from major markets and have demanding tastes and expectations. Downtown

Reasons for selling:

Owners wish to work on other projects.

Employees:
25
Years established:
21 Years

Other Information

Support & training:

Managing Partner is willing to remain with the business for a limited amount of time to assist in the transition and training of the new owners. After that time the Seller and Buyer may enter into a consulting agreement for terms and conditions to be determined later. General Manager and the rest of the staff intend to remain employed with the business.