Owner Financing is Available!
Business Overview:
For sale is a full service sports bar restaurant and tavern. Over $750,000 on build out alone to create a stunning restaurant with zero debt.
Gross sales for 2010 was approximately $1,300,000 with 2011 sales at approximately $100,000 per month. Owner paid off over $160,000 in debt in 2010 which would have been profit for anyone else without debt in addition to a salary of $48,000.
2011 monthly sales are running approximately $100,000 with Owner taking out up to $4,000 per month.
This was a sports bar tavern franchise concept since January 2009 but on January 1, 2012 owners dropped franchise, concept and name thus avoiding the payment of monthly royalties and making it easier to sell. Keep as is or convert to any full service or casual concept.
Priced NOW at $295,000 OBO with Owner financing options available.
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:
Freestanding 5,000 SF. Seating for 200 with seating outdoors of 100, and 30-seat bar and billiard room with three tables. Long term lease at $8,800 per month plus real estate taxes of $18,000 per year. Seller states Landlord has offered option to purchase property. This unit has a ton of TV’s plus a TV at each table but there is room to add tons more and make it into a true sports bar restaurant. Owner during build out and construction added all new furniture, fixtures, equipment, hardwood floors, roof, and billiard room. Tons of parking.
Market Competition and Expansion:
Keep as is or convert to any full service or casual concept.
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: