Seller's Contact Information
- RE: Highly Coveted Sports Bar Established
- Contact: Stephen Lee
- License #: 567204
Quick Facts
| Asking Price: | $550,000 | |
| Annual Revenue: | $1,002,679 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $150,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 250,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1970 | |
| Employees: | 13 | |
| BBN Listing #: | 516019188 | |
| Broker Reference #: | 001246 |
Business Overview:
Well-known local staple sports bar that has been established for over 5 decades is available for acquisition. This business was established in the 1970s and was acquired by the current owner of the business in 2013. Most of the customers are young adults and older gentlemen that have been coming for years to decades to this establishment as it's a staple of the local area. Competition can also be expected as the local area is a known hot spot with huge amounts of constant traffic during peak lunch and dinner hours throughout the week. The gross sales average on a year-by-year basis is around $1,000,000/year without any marketing efforts outside of social media outlets and word of mouth. Although no marketing has been in place for years, this business has a consistently high volume of sales with its loyal customer base. Local marketing efforts will be needed for this business to grow its sales and utilize the full capabilities of the facility in which this business is located. Full-time owner's involvement will also help with trimming the expenses and normalizing the amount of wage expense needed to operate this business to earn more cash flow. This business is a fantastic investment for any Buyer is wanting to take an already-established sports bar known by the community and turn it into a local giant.
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Property Features and Assets:
This business is located in a 5,000 Square Feet space of a retail strip center that is in one-of-the-busiest areas in the Dallas Fort Worth metroplex. This business is a staple for the local area as it has been around for over 5 decades. / Inventory: $10,000 (Not Included in listed price).
Market Competition and Expansion:
Competition: Few competitors are within the immediate market area, but this business is a well-known sports bar that is a staple for the area as its been around for decades. Growth and Expansion: No marketing is done for this business other than social media outlets and word of mouth. Other marketing efforts will be needed for this business to expand past the current loyal customer base.
Reason for Selling:
Other Business Opportunities.
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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