Business for Sale Overview:
Opened in 2006, this upscale sports bar and grill is one of the area’s most popular places for professionals to unwind and mingle after work. This establishment was designed by a local agency specializing in retail design and brand strategy, and is often mistaken for a national, metropolitan chain. The clean, modern atmosphere serves the dual purpose of being a family-friendly lunch option during the day, while offering a lively, “metro swanky” ambiance for an executive after-hours crowd by night.
The kitchen serves “fast casual” menu items including starters, sandwiches, salads and steaks. The full bar is known for its cool drinks and upscale happy hour vibe. This business is extremely popular with local musicians (“they beat our door down,” says the owner), and offers live music entertainment twice a week. The business has a full liquor license, creating barriers to entry for many would-be competitors.
The location of this business is outstanding! It resides in a new outdoor mall with retail on street level and office space above, and is surrounded by a premier outdoor shopping center, large hotel and convention center, the area’s most exclusive commercial address, and several affluent residential neighborhoods. Its customer base includes white-collar executives, families, locals and travelers. This fashionable hot spot strikes the perfect balance between family friendly and corporate oasis!
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 restaurant and bar are approximately 5,000 square feet, with seating indoors for 175. The professional design of the space has allowed it to feel open and airy, yet intimate. There are several flat panel TV’s throughout, and a custom light fixture acts as a unique design element and focal point. The patio is approximately 1,200 square feet, serves customers from mid-March through October, and can also accommodate live music. Umbrellas and heaters keep outdoor patrons comfortable nine months out of the year. The interior of this establishment is a flawless execution of modern design and meticulous planning. From the table heights to the music volume, everything about this business attracts – and retains – a desirable, upscale professional clientele.
Market Competition and Expansion:
Competition: Huge barriers to entry exist (additional details with signed Confidentiality Agreement). This business was first to market in the area with an upscale bar and eatery concept, and has been extremely successful at keeping a desirable customer base. Other competitors include hotels, restaurants and blue-collar bars, but none have a similar format.
Marketing efforts to date include print and radio advertising, direct marketing to area hotels (one of which has shuttle service to the business), Email list marketing and hosting charitable events. Its premium identity and reputation ensure regular PR coverage in local magazines and newspapers.
Growth/Expansion: There are many opportunities for an owner-operator to leverage the strength of this local brand, as well as improve margins with additional cost savings and efficiencies. There is untapped potential for attracting more party and event business, as well as hosting more local community/charity events, which has provided a successful revenue stream to date. The seller only recently launched a corporate website.
Reason for Selling:
Partners have multiple business interests
Additional Details:
- The property is leased.
- 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.