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29644487
29644692

440 E McCullough Dr, Charlotte, NC 28262

BR
SC 41837
Borne Real Estate
Listed by Borne Real Estate
$475,000
119 days on market
Updated 0 days ago

Harolds Chicken and Ice Bar - Charlotte NC

Details
Property Type Business for Sale
Sub Type Business Only
Square Footage 11,000
Net Rentable (SqFt) 11,000
Units 2
Cap Rate 36.30%
NOI $245,000
Occupancy 100%
Broker Co-Op Yes
Class A
Investment Type Stabilized
Ownership Corporation

Cash Flowing Restaurant For Sale - Charlotte NC

Investment highlights

We are excited to offer for purchase a fantastic cash flowing Charlotte based restaurant and events business for sale in Mecklenburg County. The restaurant and events business was opened by a brother and sister team who were inspired to bring the taste and experience of Chicago’s famous Harolds Chicken to the flourishing population of Charlotte North Carolina. This offering provides the new owner the right to promote and sell the famous 75 Year old Chicago based Harolds Chicken recipes along with their very own Speciality Crafted Cocktails that are unique to the Harolds Chicken and Ice Bar brand that has a loyal and growing customer base that reaches from Atlanta, GA to the Carolinas. Customers enjoy the family friendly sports bar atmosphere, great drinks and an authentically delicious menu. The premises has highly sought after front and rear outside patio seating. This opportunity is best suited for experienced operators looking to expand their offering in the growing Charlotte area. The business offered for sale generated $1,733,833 in sales last year with steady year round traffic driven by a growing population and a reputation that has made this restaurant a local favorite. Based on recent performance and 2025 operations the projected 2026 owner cash flow is approximately $245,000, offering an attractive upside for a hands on owner or operator. This is a turnkey business and will allow you to step into revenue on day one with well established exclusive Harold’s famous recipes, in-place prep and delivery systems, vendor relationships, and an existing customer base that returns consistently throughout the seasons. Additionally, included with the sale will be substantial revenue opportunities for multiple events already planned and reserved for 2026 and 2027.

The business for sale operates in a spacious +/-11,100SF broken down as(+/-3500SF for restaurant, +/-3500 Kitchen with large dry storage room and +/-4100SF for the events area) square feet. A full lineup of popular beer, mixed drinks, wine options and Hookah toa support higher average checks. The fully equipped commercial kitchen offers the ability to produce at a high volume with timeliness a must.

Listing Contacts

BR
SC 41837
Borne Real Estate
Listed by Borne Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$245,000.00
$20,416.67/mo

Valuation Metrics

0
DSCR
51.58%
Cap Rate
51.58%
ROI

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