Sports Bar and Nightclub for Sale

Not Disclosed, PA
Philadelphia County

Asking Price: Annual Revenue:
$596,750 $1,710,385

Food & Beverage: Bars, Clubs, Nightspots

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RE: Sports Bar and Nightclub for Sale Broker: Richard Collins
Owner Financing is Available!

Quick Facts

Asking Price: $596,750
Annual Revenue: $1,710,385
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $1,500,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 169355492
Broker Reference #: 45783-401914

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Business Overview:

7000 Sq Ft Philadelphia Sports Bar Club Revenues Double in 2019

This business needs an owner with an understanding of how the bar and club business works. No novices please.
This Philadelphia Sports Bar/Nightclub has a 7,000 square foot main floor with a 4,000 square foot basement. What's more important is the 2019 POS revenues hit $1,710,385 well above the $1,032,000 in 2018 (the first full year of operations). There is no reason this club should not do well over $2,000,000 in the future.
The original owner spent over $1,500,000 on build out and FF&E. The current owner bought the business in 2017 and has renovated much of the space including replacing the floors, upgrading the two enormous bars with 27 televisions (and a high definition projector), purchased all new bar stools, new lounge sofas and chairs and also added onto the fantastic sound system which includes a DJ booth and computer controlled lighting system. He also added a liquor pour control system to keep track of the sales and inventory of every liquor poured.
The business has a healthy early evening eating/drinking crowd and later in the evening turns into a club with DJ music, dancing, bottle service and a VIP area. The bottle service has picked up to such an extent that it has now expanded out of the VIP lounge area to other seating areas of the club.
There is a cash cover charge on certain evenings to enter the club.
The owner doesn't feel like he can take the club to the next level given his other business obligations.

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Reason for Selling:

Other business interests.

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.

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