Owner Financing is Available
Business for Sale Overview:
This is a great opportunity to pick up a profitable and growing business with valuable Real Estate at a very reasonable price. The Sports Bar & Restaurant is a huge attraction locally; games, live music and good food & drinks generate sales of $13,500 per week. The Real Estate generates rental income of $2,000 per month from the residential unit. It is currently run absentee and experienced operator could take this to the next level. Asking $260,000 for Business or $1,250,000 for the business and Real Estate.
Licenses: Full Liquor & Entertainment Licenses (Live Music, Gaming, Keno)
Sales: Approximately $13,500 per week or $702,000 per year
Cash Flow: The adjusted cash flow is $140,000 per year
Real Estate: Consists of two structures the Bar/Restaurant and a two unit residential rental house
Rental Income: Rental income from the residential unit is $2,000 per month
Asking Price: $1,250,000 for the Business & Real Estate.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The space is approximately 3,200 square feet; the facility consists of a bar area with a long bar and a connected dining area. There is also a function room that contains state of the art sporting video games. The facility has over 100 seats and has a very functional layout. This building is ideal for a Sports Bar and or Restaurant concept.
Market Competition and Expansion:
Very little competition in the local trade area. Sales have grown year over year over year. An owner/operator could take the business to the next level.
Reason for Selling:
Family matters
Additional Details:
- The property is owned.
- The owner is 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.