Rare Profitable Historic Pool Hall, Snooker, Etc.

Business Overview:

** Currently under an agreed offer - Closing on the sale date set **

 

This has been a great business for 40-plus years. It’s essentially selling for the value of its assets even though it has positive cash flow, which is icing on the cake, as a fully functioning business. *** In other words, you will get many tables, lots of FF&E, plus 50k (approx) cash flow as an owner-operator, all for just $87,900.

The business can be 4-5X bigger in a short period of time, with the right owner who implements basic social media, etc., and gets a liquor license that will supercharge this business as customers ask for it. 

Well-known for pool-billiards, snooker, some private gaming (not state gaming licensed, nor can it be), jukebox, etc. Located in a well-traveled neighborhood of with high vehicle traffic and very supportive neighboring businesses.

Has three (3) distinct areas where you can have different activities. These separate areas could be used for a private lounge area, a dining area, a party room, a dart league room, etc. 

The business currently has two licenses, a “retail food establishment” license to serve any food and an “entertainment” related license. 

 

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Property Features and Assets:

5,800 square feet with well equipped kitchen and 2,000 (approx) square feet basement.

Market Competition and Expansion:

This business has an unsurpassed historical presence with few of a similar type remaining anywhere in the metro area.

This business recently added more gaming type machines, which will help. The kitchen is capable of a much bigger and broader menu. A new owner can add a liquor license as some groundwork has already been laid for that.

Reason for Selling:

Owners absentee, checks in from time to time, wants to relocate much of the time

Additional Details:

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