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 below. 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.
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.