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Georgia Business For Sale |
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| SPORTS BAR / ABSENTEE NET $250,000 6-DAY WEEK |
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| Attn: Brad Carr |
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| LaGrange, GA, USA |
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| Asking Price: |
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$400,000 USD USA Dollars |
| Business for Sale Industry: |
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Food & Beverage: Bars, Clubs, Nightspots |
| Reason for Selling: |
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other business |
| Year Established: |
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2007 |
| Yearly Revenues: |
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$1,008,826 |
| Yearly Net Profit: |
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$256,000 |
| Monthly Payroll: |
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$6,000 |
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Business for Sale Overview:
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Days And Hours: Six days a week Monday through Saturday from 10 am to 2 am.
Employees: The Company currently employs one full time manager, four part timers that fill the roles of servers and bartenders and two full time cooks.
Liabilities: None.
Assets: Inventory of food and beverage included in the sale will be approximately $15,000. The video games (10) and billiards tables (5 – 2 9 feet and 3 7 feet) are the property of the owner and will remain in the business but remains the property of the owner. Furniture, fixtures and equipment are approximately $35,000.
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Property Features and Assets:
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Facilities: The facility is a stand alone building and contains approximately 6,500 square feet. The owners have invested in excess of $150,000 in the facility in the form of new kitchen equipment, bar and upgrades throughout the facility. The current monthly rental is $4,200 a month and the current lease expires in 2012 and has a five year option. |
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Market Competition and Expansion:
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History: The sports bar was opened in the fall of 2007. Prior to the sports bar, the location was a Blockbuster Video and is located in a stand alone building on a main artery in the town. Since its opening, business has been steadily increasing and with the addition of liquor sales, the revenues and profits have improved significantly.
Sales And Cash Flow: Revenues for calendar year 2008 are expected to exceed $400,000 exclusive of games revenue. After splitting the games net on a 60 / 40 basis, the new owner should realize net income in excess of $250,000 annually. With the addition of liquor sales, this could be higher.
Marketing Strategy: The Company does some minor marketing. However, it has grown primarily by word of mouth and hosting “billiards teams” to grow the business.
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Additional Details:
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- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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