Business for Sale Overview:
This San Fernando Valley billiard parlor has been a local favorite for decades. The business has a number of classic Gold Crown 9-feet pool tables making it ideal for league play, tournaments or friends just looking to spend a few hours together. Unlike many other businesses, this one operates on high margins and low overhead, and has consistently generated healthy profits with solid financials. This is a simple operation which can be managed absentee and with minimal effort, and still produce a high profit.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The business operates from a 4,000 square feet facility which leases for only $3,300 per month. The lease is valid through January 2015 with fixed rental schedule which caps at $3,700 in the final year. The sale includes all the assets of the business including 15 pool tables, balls, cue sticks, 5 televisions, refrigerators, beer tap system, walk in refrigeration, on sale beer license and over 20 years of goodwill.
Market Competition and Expansion:
Competition is considered low as only a few billiard parlors exist in the Valley. With it is central location, the business can cater to a wide customer base. Its ability to sell beer provides this business a significant long term advantage over other competitors.
This business has plenty of room to grow. Current owners have not capitalized on tournament and league play, as they currently do not offer it. Further, there are no loyalty program clubs, happy hour specials, as well as retail sales of pool cues and supplies in place.
Reason for Selling:
Personal
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.