Seller's Contact Information
- RE: Very Profitable, Growing Neighborhood Bar & Grill
- Contact: Jerry Myers
Quick Facts
| Asking Price: | $322,000 | |
| Annual Revenue: | $667,781 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $130,548 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 75,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1 | |
| Employees: | 15 | |
| BBN Listing #: | 818134791 | |
| Broker Reference #: | 42500021 |
Business Overview:
Highlights of Business
•Very professionally managed business
•Steady growth since opening
•No competition in area
•Immediate profitability – take over one day, be profitable the next
•Clean books and records
•Several ways to grow the business further
•Beautiful, clean, upscale premises
•Business qualifies for SBA financing which means lower down payment and longer terms
History
The business was established in 2022. The business has grown steadily because it is professionally managed, but also due to the fact that it is located in an area that is developing very rapidly, and where there is no competition. It’s a long drive to the next bar. There is not even any space in the area that could be used for a bar. A new building would have to be built to house a competitor.
Operations
Approximately 30% of sales come from liquor and 70% from food.
The owner’s spouse works approximately 20 hours per week, making deposits, record-keeping with Quickbooks, scheduling, and ordering.
There are two new commercial businesses opening soon nearby. Together they will add over 100 employees to the area. The seller expects lunch traffic and happy hour business to increase substantially when they open.
The business qualifies for SBA financing.
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Market Competition and Expansion:
There is no competition in the area. There is a restaurant nearby that serves beer and liquor but it is not a bar.
Reason for Selling:
Seller has taken a new position.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
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