He's Not Here Selling
HAPEL HILL – A record-setting number of inquiries were made into the
purchase of the longtime Chapel Hill bar and beer garden He’s Not Here,
resulting in multiple legitimate offers for the business.
Now one offer has been plucked from the pack. The bar is expected to sell Wednesday to a former University of North Carolina at Chapel Hill football player and a partner, according to a broker handling the sale.
The business was listed on the website of the restaurant brokerage firm National Restaurant Properties with an asking price of $165,000. The site says the bar owner was “not interested in negotiating,” and was looking to sell the bar, “as is.”
“We had in excess of 200 inquiries on the property, which is a record-setting amount, mainly because of the popularity (of the bar), and also the fact that somebody took the liberty to put it on Facebook and Twitter, a combination of those things,” said Neal DePersia, broker-in-charge of the Cary office of the firm. “Word got out, and kind of people ran with it, since it’s such a popular place,” he added.
The business was described on the site as a “famous college bar with lots of character and a 35+ year history” and with a total annual revenue of $400,000.
Now one offer has been plucked from the pack. The bar is expected to sell Wednesday to a former University of North Carolina at Chapel Hill football player and a partner, according to a broker handling the sale.
The business was listed on the website of the restaurant brokerage firm National Restaurant Properties with an asking price of $165,000. The site says the bar owner was “not interested in negotiating,” and was looking to sell the bar, “as is.”
“We had in excess of 200 inquiries on the property, which is a record-setting amount, mainly because of the popularity (of the bar), and also the fact that somebody took the liberty to put it on Facebook and Twitter, a combination of those things,” said Neal DePersia, broker-in-charge of the Cary office of the firm. “Word got out, and kind of people ran with it, since it’s such a popular place,” he added.
The business was described on the site as a “famous college bar with lots of character and a 35+ year history” and with a total annual revenue of $400,000.
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