Business For Sale

Highly Profitable Bar for Sale Earns over $200,000

Kennesaw, GA
Cobb County


Asking Price: Annual Revenue:
$599,000 $1,205,087

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Highly Profitable Bar for Sale Earns over $200,000 Broker: Steve Weinbaum

Quick Facts

Asking Price: $599,000
Annual Revenue: $1,205,087
Net Profit: Not Disclosed
Cash Flow: $242,124
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2006
Employees: 27
BBN Listing #: 67868096
Broker Reference #: 6178

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Business Overview:

Buy this highly profitable bar for sale! Seven figure sales and earnings past the $200,000 mark. Owner is semi - absentee in business that shows sustained annual growth and strong books and records!

A bar for sale like this one is a rarity. Extremely high earnings that should qualify for SBA lending for a well qualified buyer with 20% down. This winning location nearby Kennesaw State is serving the beer ice cold and the simple menu piping hot while turning in earnings of $200,000.

This profitable bar for sale is fully staffed with managers in place. The current owner spends about 20 hours per week overseeing service and quality, but this business could easily be run fullly absentee. Net sales in 2017 exceeded $1.2 Million compared to $1.1 Million in 2016 and less than $1 Million just a few years prior proving sustained growth with plenty of opportunity for more!

This bar for sale doesn't open until 3:00 PM on weekdays and is closed on Sundays providing plenty of upside for the next owner. There is a total of 4,000 square feet inside that can accommodate 150 guests. Additionally, there is a beautiful outdoor patio that can seat another 70 customers taking total capacity to 220. The rent, including all CAMS, is just over $10,000...very competitive for the area.

Kennesaw State currently ranks 3rd in size of all Georgia universities with over 35,000 students. This profitable bar and grill for sale offered by We Sell Restaurants is a local favorite and benefiting from its growth of the student base. Additionally, the area is seeing double-digit population increases. Customers rave about the reasonable prices and great food in addition to being one of the best places around to go unwind and grab a drink.

If you are looking to ditch your current job but need to sustain a high six-figure income or want to invest in a bar for sale with strong revenue for an absentee owner, here it is.

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Property Features and Assets:

Side by side freezer 3 door sandwich cooler 1 door sandwich cooler (3) fryers flat top grill 4 burner stove 4 compartment sink dishwasher (2) walk in coolers (3) storage freezers (7) 4 person booths (3) 6 person booths (8) 4-6 person tables (4) high top tables (21) TV's ranging from 19" to 120" (39) chairs (18) patio tables (74) patio chairs (51) bar stools 2 door bottle cooler (5) Aloha POS terminals (2) cash drawers Computer Security system with 22 HD cameras

Market Competition and Expansion:

Bar in a College Town! Nearby Kennesaw State University, a public school. Present enrollment is over 35,000 students, making it the third-largest university within Georgia and one of the top 50 largest universities in the United States.

Reason for Selling:

New Career.

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.

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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