Owner Financing is Available
Business for Sale Overview:
This is an excellent opportunity to own a turn key sports bar with endless development options. This 1921, 30,000 square foot beautiful brick building has been updated from the roof down to complete architectural design and state approved building plans. The updating project costs were in excess of $197,000. There is a complete set of CAD drawings available of the complete building. The opportunities only begin with the Sports bar, with a steady revenue stream from the business, let the creative side of you take over. Retail, condominiums or office space would be a perfect fit for the 2nd and 3rd floors! The bar business is leased to; and run by; a third party, the monthly rent is $1,250. The sports bar is extremely busy with attractions such as pool, dart leagues and live music on the main stage. The video gaming machines, of course, bring in a nice revenue stream. A major opportunity would be to take advantage of the complete kitchen, at this point the bar does not utilize. The liquor license as well as all equipment needed for a full bar operation is included. There is no access to the profitability of the business. The current operator will allow potential buyers the opportunity to see vendor purchase statements only.
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:
Located in a busy downtown area in Northwestern Wisconsin. This business operates out of a 30,000 square feet brick building. The bar area is approximately 3,000 square feet, plus another 1,000 square feet for stage and storage. The building has been maintained and updated. There is roughly $200,000 worth of remodeling/updates included in this opportunity.
Market Competition and Expansion:
This is the premier sports bar in the area. Bar stays extremely busy with an excellent following from the community. Excellent opportunity to do so much more with this amount of square footage. A buyer with the creativity and capital can take this to a whole new level. Busy downtown area.
Reason for Selling:
Other business interests
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.