Local Favorite – Sawmill Grill – Hampstead Business for Sale
Terry Espy
terry@momentumprojects.com
Mobile: 919-270-1711
Business Description
Located on Hwy. 17 with outstanding visibility, great parking and excellent signage. The 4500+/- sf restaurant space is in excellent condition. The owner continually invests in upgrading and maintaining the furnishings, fixtures and equipment. Currently, the restaurant seats 135 guests and just recently completed the fit up of a full bar, to enhance the evening dining experience. A seasoned staff and management are eager to remain after the sale of the business.
Hampstead is popular coastal community located in southeastern North Carolina just north of Wilmington. This fast growing market has experienced a population growth of 40.3% since 2020. Bordered the east by the Intracoastal Waterway and minutes from Topsail Island and the shores of the Atlantic. Not only has the number of permanent residents increased the tourism market is extremely strong.
Detailed Information
- Location: Hampstead, NC
- Real Estate: Leased
- Building SF: 4,500
- Lease Expiration: N/A
- Employees: 25
- Facilities: Full FF&E to convey Fully built out kitchen and bar
- Competition: Based on the growth of the market there is a pent up need for good restaurants. Currently, there are no restaurants similar to Sawmill in the area.
- Growth & Expansion: There is the ability to purchase the original Sawmill Restaurant located in the Money Junction area of Wilmington. This would give the buyer a stronger footprint in the market.
- Financing: No owner financing available
- Support & Training: Owner agrees to work with Buyer through a 30 day transition period.
- Reason for Selling: Owner has several other businesses as well as real estate holdings and now ready
- Business Website: http://thesawmillgrill.com
