Business For Sale

College Town Bar for Sale - Cash Cow!

Morgantown, WV
Monongalia County


Asking Price: Annual Revenue:
$339,000 $432,881

Food & Beverage: Restaurants, Fast Food, Deli


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RE: College Town Bar for Sale - Cash Cow! Broker: Steve Weinbaum
License #: GA365512

Quick Facts

Asking Price: $339,000
Annual Revenue: $432,881
Net Profit: Not Disclosed
Cash Flow: $212,357
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2012
Employees: 12
BBN Listing #: 52328096
Broker Reference #: 6303

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Business Overview:

West Virginia University, Morgantown, #1 rated nightclub and bar for sale at less than 2X earnings. Annual cash flow exceeds $200,000. Grandfathered liquor license allows this bar to remain open until 3:30AM versus 1:30AM for bars with new license.

Don't Blink or you will miss the opportunity of a lifetime to own this successful, profitable, and long standing iconic nightclub and bar in Morgantown, West Virginia adjacent to The University of West Virginia. Amazing Rent with a long term lease, limited hours, and over two Hundred thousand dollars in annual cash flow are all great reasons why this profitable nightclub and bar for sale won't last on the market very long.

The club has two levels. Over 3,700 square feet with seating for over 80....but standing and dancing room for a whole lot more! Both floors underwent a complete remodel and structural renovation in 2013 with state of the art intelligent lighting and sound systems. Open only four nights per week, total revenue, which includes bar service, door fees, and private parties exceeds $400,000 annually and due to minimal overhead, rent of only $3,500 per month, and low cost of goods, annual cash flow is over $200,000. And this bar for sale offered by We Sell Restaurants comes well equipped...beer tub refrigeration coolers, LED bar tops, killer DJ sound system, point-of-sale systems and much more are included with the sale.

Morgantown is a great place to live. Sports, museums, rapid transit, theater, and rivers make Morgantown a wonderful place to call home. The city has shown consistent population growth and currently has approximately 30,000 full time residents making it one of the top 10 largest cities in West Virginia. Home to The University of West Virginia, there are over 28,000 part-time and full-time students enrolled. WVU was ranked #2 Party School in the 2017 Princeton best Colleges Review. Combine that ranking with owning this #1 rated nightclub and bar for sale and you have a recipe for success.

Don't miss out on this unique and lucrative opportunity. The current owner needs to relocate.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

See Exhibit A in Docs - examples for complete list Security System Refrigeration Sound System Flat Screen TVs Office Equipment Signing Bar accessories Glassware Furniture

Reason for Selling:

Relocation

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.

Relevant Links:

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