Owner Financing is Available!
Business Overview:
This Southern Restaurant and Blues Bar in a wonderful SEC Football town located in the heart of Downtown Tuscaloosa just steps away from the University of Alabama. Great location for casual dining and live music. Casual dining for lunch and dinner, large portions of good southern food (catfish, BBQ,& Stakes), Bar with live entertainment nightly. Southern college town, local environment. Continuing its tradition of the best live music in the Tuscaloosa, Alabama area, this Blues House is a must stop for anyone interested in excellent live music, great food, better service, and a relaxed atmosphere. With live bands entertaining evenings, this is the only place on the Square to relax, have a great time, and enjoy authentic blues music!
Opened September 2011 and did $61,000 in October 2011 with no effort by absentee owner who lives an runs the bar in Oxford, Mississippi. This is a incredible location within walking distance of University of Alabama, stadium, with brand new 4-Star Hotel and Amphitheater being built directly across the street. Finishing basement will dramatically increase sales.
Lease with NO key money required. Distance is two and half hours from Owners other unit and just too far to effectively grow and maintain. Licensing agreement will be worked out to keep name or convert.
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:
Space is 14,000 SF which consists of 3 floors which includes an unfinished basement set to be renovated for expansion along with a upper level penthouse 4,000 SF fully furnished 5 bedroom/2.5 bath apartment which is rent out during big games for additional revenue. Tons of TV’s. Large stage area both upstairs and down for bands to play and people to enjoy. This custom designed venue has unique touches of reclaimed wood and mason jar lighting to give a unique southern blues charm to this establishment. Seating for almost a 100 with 30 seat bar. Long term lease $7,500 per month triple net with first right of refusal to purchase building and option to buy real estate. Lease w/No Key Money Required!
Market Competition and Expansion:
Finishing basement will dramatically increase sales.
Reason for Selling:
Absentee owner.
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.
Resources: