Photo 1Photo 2Photo 3Photo 4Photo 5
Restaurants & FoodFor Sale

Iconic Downtown Wilmington Sports Pub For Sale

Wilmington, North Carolina

About This Business

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.

Financial Details

Asking Price
$1,200,000
Cash Flow
$247,808
Gross Revenue
$1,597,879
EBITDA
N/A
Inventory
N/A

Business Details

Established
2004
Employees
25
Real Estate
Lease
Reason for Selling
Moving to other ventures
Financing
No
Training
No

Deal Analysis

Estimated figures for analysis purposes only. Consult a financial advisor.

Price/SDE Multiple
4.8x
Price/Revenue
0.8x
DSCR (Debt Service Coverage Ratio)
1.65
Cash on Cash ROI
31.1%
Down Payment (SBA 10%)$120,000
Loan Amount$1,080,000
Monthly Payment$12,540/mo
Annual Debt Service$150,477
Owner Salary$60,000
Cash Flow After Debt + Salary$37,331