Sports Bar $40k Weekly-Absentee Owned

Not Disclosed, NJ
Hudson County

Asking Price: Annual Revenue:
$1,600,000 $2,300,000

Food & Beverage: Bars, Clubs, Nightspots

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RE: Sports Bar $40k Weekly-Absentee Owned Broker: Daz Connell

Quick Facts

Asking Price: $1,600,000
Annual Revenue: $2,300,000
Net Profit: Not Disclosed
Cash Flow: $557,000
Total Debt: Not Disclosed
FF&E: $500,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 9
BBN Listing #: 81544955
Broker Reference #: 3406-13723

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Business Overview:

A 4,000 square feet Sports Bar for the Neighborhood guy. The biggest and most popular Sunday Football spot in a square mile city that is home to 50,000+. Still very profitable in slower summer months and is absentee owned. The first of several bars in a row on a busy residential/commercial street. Surrounded in a perfect location adjacent to several other bars, perfect for the "bar hop" scene. Host of multiple "bar crawls" per year. Great "bar and burger" atmosphere. Extremely profitable and limited staff required.

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Property Features and Assets:

4,000 square feet facility includes brand new build out, 20 TV's, Sound system, Light Show, Artwork, Furniture, Dozens of Taps and more. Assets: $500,000

Market Competition and Expansion:

This sports bar is one of many bars on the same street. The competition helps each other, with customers constantly hopping from one location to another. The bars nearby also work together in unison to organize different town events, holidays, etc. In this industry, local competition is a good thing. Potential for Growth is very high. With the NFL having an unusual low year in ratings and NY Teams not being very relevant, the sky is the limit. Turnkey opportunity!

Reason for Selling:

Looking to sell business and focus other 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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