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Business For Sale
RESTAURANT, TAVERN, NIGHT CLUB, & RENTAL UNITS!
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Asking Price: |
$2,500,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Bars, Clubs, Nightspots
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Reason for Selling:
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Moving out of area. |
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Year Established:
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1998 |
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# of Employees:
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20 |
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Yearly Revenues:
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$1,300,000 |
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Yearly Net Profit:
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$335,000 |
Business for Sale Overview:
A very popular tavern, restaurant, night club & live band establishment. This gorgeous resort has been serving the community and its tourists with popular dishes, great music, family & couples get together, college & pro sporting events thru its 14 TVs! Pool games & daily events make this place a very lively & fun destination. Owner also gets rental income from other stores located in the same building i.e. tanning salon, hair salon, 2 separate bedrooms w/ 8 bunk beds (primarily for band members when they come in on the weekends), embroidery business as they make their own shirts with the tavern logo on them, and an additional room which can be used for any retail purpose. There is 1 general manager & 3 salaried managers + 16 employees on an hourly rate of $3.75 - $9.00/hr. Owner is absentee owner and is not involved in day to day operations. Don't miss this great Turn-key opportunity to own a successful business with real estate and enjoy the benefits of living, if you choose to, in a touristic area!
Property Features and Assets:
A large 10,500 sq. ft. restaurant & night club with separate bar & patio that surrounds this great establishment. It overlooks a lake, situated in a very scenic area that has been the target of tourist destination for many years. Lot size is 1/2 Acre. No expense has been spared to make this facility look as attractive & appealing to visitors as possible. It comes with plenty of parking. It was established back in 1998 and all facilities are in excellent condition. Located in fast growing boating & ski area!
Market Competition and Expansion:
This business is in a prime location.
Additional Details:
- The property is owned.
- 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 resale opportunity.
- This is not a distressed business or bankruptcy situation.
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