For Sale
$699,000

1564 Mkt Pl BlvdOcean Isle Beach, NC 28469

Coastal NC Restaurant, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A restaurant, Amelia's Bar & Grille and Tap Time Tap Room, is located in Ocean Isle Beach, NC, a rapidly growing area of Brunswick County. Boasting 4,216 square feet, this thriving establishment includes a full chef's kitchen, two fully stocked bars, ample storage, and a dedicated private dining/event space. With seating for 185 (20 outdoor, 30 bar, 106 dining), it serves breakfast, lunch, and dinner six days a week, featuring a diverse menu of homemade dishes, including fresh seafood, gluten-free, and vegan options. The addition of the Tap Time Tap Room in January 2024 provides expanded seating and a second bar, enhancing the customer experience and creating opportunities for private events. The business enjoys a loyal clientele and benefits from the significant population growth in the area, with over 10,000 new homes completed in the last five years. High barriers to entry for competitors due to impact fees protect this business from new competition. 2023 financials show revenue of $1.5 million and an Adjusted EBITA of $163,623. The current chef and operational partner are willing to stay on for a transition period. The asking price is $699,000, and SBA financing pre-approval is available. The owners are selling to pursue other investments. This presents a unique opportunity to acquire a profitable, established restaurant in a high-growth market with significant upside potential.

Highlights

  • $699,000 asking price for Amelia's Bar & Grille and Tap Time Tap Room.
  • 4,216 square foot Class A hospitality business for sale in Ocean Isle Beach, NC.
  • $163,623 Adjusted EBITA (2023).
  • Established restaurant with loyal clientele, located one mile from Ocean Isle Beach.
  • Includes a full chef kitchen, two bars, ample storage, and private event space, seating 185.
  • SBA financing pre-approved.

Property Details for 1564 Mkt Pl Blvd

Property type
Hospitality properties
Square Feet
4,216 SF
Class
A

Location Insight

City
Ocean Isle Beach
County
Brunswick
State
North Carolina
Latitude
33.903753989651
Longitude
-78.439044618493
1564 Mkt Pl Blvd, Ocean Isle Beach, North Carolina

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1564 Mkt Pl Blvd
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