Seller's Contact Information
- RE: 2 Location Restaurant Chain W/Proven Concept
- Contact: Ryan Clark
Quick Facts
| Asking Price: | $3,000,000 | |
| Annual Revenue: | $5,939,510 | |
| Net Profit: | $753 | |
| Cash Flow: | $753,078 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 150,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1990 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 58564929 | |
| Broker Reference #: | BARBBAR |
Business Overview:
This customer embraced 2-location bar and restaurant chain boasts a proven, scalable concept that has provided remarkable returns not only for years but for the past 3 decades! The locations regularly generate $6 ml - $7 ml in combined top line revenues, 80% of which are food-driven. Each 4,500 plus square foot location has a distinct bar component with a Type 47 Liquor License, a separate take-out and delivery entryway that proved popular during COVID, excellent street visibility, convenient freeway access and plenty of onsite parking.
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Property Features and Assets:
All of the business’s furniture, fixtures, equipment and goodwill will be included in the sale. An estimated $40,000 in inventory will be sold at cost at close. The two locations lease at $12,650 per month on a lease with 5 years remaining and one 5 year option, while the second location is owned and available for sale, however the owner pays itself $29,000 per month. The 5,400 square foot facility on 1.2 acres may be purchased in addition to the business for $5.5 ml., however the real estate will not be sold separately.
Market Competition and Expansion:
While competition exists, this 30 plus year old concept has a long-established loyal following that frequents each location for its specialty food, drinks, comforting atmosphere and sporting and other events. Also, due to the need for specialty cooking equipment, stellar locations with convenient access, and a formidable established loyal client following, this the concept cannot be easily replicated. What more, industry entrants would find the combined operation’s volume efficiencies that translate into attractive price points difficult to compete with. New operators will likely embrace the concepts historic success, while using the well-established platform to maximize restaurant and bar profitability. They may also make these locations the basis for a new franchise chain or licensee operation.
Reason for Selling:
Personal
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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