HOT DEAL! Local Sports Bar And Grill
Not Disclosed, MO Saint Charles County
Seller's Contact Information
- RE: HOT DEAL! Local Sports Bar And Grill
- Contact: Jeff Kalil
Quick Facts
| Asking Price: | $50,000 | |
| Annual Revenue: | $332,000 | |
| Net Profit: | $8 | |
| Cash Flow: | $44,111 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 23,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1975 | |
| Employees: | 6 | |
| BBN Listing #: | 102455286 | |
| Broker Reference #: | 42590026 |
Business Overview:
Local sports bar and grill with curbside and to-go dinner menu, located in St. Charles County. Trained staff and proven systems in-place and turn-key ready, just add YOU! This sports bar has been doing a great job at balancing the changing industry conditions and adapting in stride. Bring your vision and passion to round-out the opportunity and create the bar and grill of your dreams at an incredible entry price! Great location, shared parking lot with fellow strip-mall tenants, easy access and highway visibility. The restaurant has been in this location for 30 years and undergone a few changes, with each one building on the prior. Latest owner is ready to pass the reigns- their work is your gain!
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Property Features and Assets:
Great local sports bar and grill with a traditional canvas ready to tailor to your vision. Keep it the same, or change things up- either way, the location is a staple in the local community and the bar welcomes you right away! Belly-up on a stool, or get seated at your favorite table! Your customers will enjoy the food, the live music, and can find a quiet table on the upper balcony for those special occasions. Full commercial kitchen. This opportunity is ready for the next owner to take the business to new heights! New mechanical systems; new roof, clean and updated bar stations; great staff; and even greater patrons! The bar and grill is turn-key ready, just add YOU! While challenges exist with industry impact from social distancing and other restrictions, the business is adapting and looking for new leadership and new vision to carry it forward and allow the owner to retire. The bar and grill is mostly open for the early evening dinner crowd and the live entertainment. Social distancing and other recognized and mandatory safety measures are in place. Staffing was reduced to accommodate the new changes in operations. The bar and grill occupies approximately 10,000 square feet of space on the end of a local strip mall. The two-story bar and grill has visibility from the main highway and is centrally located near other businesses and residential areas. New ownership under the Business Owner began in 2014 as a local bar and grill and has remained under the single ownership of the Business Owner. The Business offers traditional American bar and grill offerings, with a tailored food menu offered from the kitchen and customary wine, beer, and liquor selections from the bar. The bar and grill has had its challenges related to local government mandated reduction in industry seating capacity and social distancing guidelines; however, the business has remained open and is adapting. The Business includes these services: • Food menu items: o Appetizers o Salads o Entrees o Sandwiches o Pizzas o Sides • Beverages (alcoholic and non-alcoholic) • Live music and entertainment: o Karaoke o DJ music o Comedy performances • To-go orders and curbside service
Market Competition and Expansion:
Casual restaurants are adopting new technologies and services to compete for consumers who increasingly value convenience. Mobile payments, online ordering, and home delivery are becoming more commonplace. COVID is having an impact on the industry. Restaurants are limited to curb-side orders, to-go and takeout orders, increased delivery, and limited in-house seating.
Reason for Selling:
Retirement
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:
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