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Profitable Bar for Sale in Ocracoke, United States

Bar and grill restaurant in North Carolina, receiving more than 100 daily customers.

Established 5-10 year(s)
Employees 5 - 10
Legal Entity S Corporation
Reported Sales USD 600 - 700 thousand
Run Rate Sales USD 1.4 million
EBITDA Margin 40 %
Industries Restaurants + 1 more
Locations  Ocracoke
Local Time 2:17 AM America / New York
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Full Sale
Asking Price: USD 525 thousand (Native Currency: USD 525,000)
Reason: We must purchase the property in accordance with the lease agreement before the end of January 2020.... View More
Includes physical assets worth USD 120 thousand
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Business Overview

- Bar and grill restaurant serving local seafood, Mexican cuisine and more than 200 craft beers located in Ocracoke, North Carolina.

- Our restaurant has a seating capacity of 40 indoor and 48 outdoor seats.

- On an average, we receive more than 100 customers on a daily basis.

- Customers can also watch some of the most fascinating surfing videos and spear fishing videos running non-stop all day and night.

- We have 18 video playlists of surfing and spear fishing with an average length of 5-6 hours each.

- We also provide online services through our website. We receive around 30-50 orders per day through the website.

- Physical asset includes 9 flat screen TVs, POS including 7 tablets with card readers for the floor and 4 tablets for the kitchen, 3 pass through refrigerated beer coolers, 1 double glass door merchandiser, 1 single door merchandiser, one 8x8 walk-in cooler, 1 double door prep top cooler, 1 double door freezer, 1 double door refrigerated unit, 2 pre-coolers with cutting boards, 1 single door freezer, 1 double door freezer, 1 double 1 / 2 keg cooler and draft system, 1 single door glass portion cooler, double shelf table and opener, 2 stainless preparation tables, 1 milk cooler ice box, 1 double door 10 pan steamer, 2 patio heaters, 2 ice buckets, 2 ice scoops, 1 ice shovel, 10 real surfboards hung on display.

- Promoter has more than 5 years of experience in this business.

Products & Services Overview

Local seafood, Mexican Cuisine, Alcohol, Craft Beers.

Facilities Overview

Leased 1,900+ sq ft cathedral ceiling dining area.

Capitalization Overview
Not Disclosed
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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