Business For Sale

Sports Bar & Steak Restaurant

Not Disclosed, FL
Polk County

Asking Price: Annual Revenue:
$1,600,000 $3,036,118

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Sports Bar & Steak Restaurant Broker: Dan Gore

Quick Facts

Asking Price: $1,600,000
Annual Revenue: $3,036,118
Net Profit: Not Disclosed
Cash Flow: $519,647
Total Debt: Not Disclosed
FF&E: $500,000
Real Estate: Not Disclosed
Year Established: 2006
Employees: 39
BBN Listing #: 53024955
Broker Reference #: 1033-14432

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Business Overview:

Amazing "Quick Sale" of fun 12 yr. old Sports Bar/Restaurant plus Real Estate in Lakeland FL area. Dinner only. Tax return shows approximately $3M G.S. & $450K adjusted net. Can keep as a Franchise or change to new concept. 35 employees, 220 seats/110 parking spots, 1.5 acres, 6,000 sq. ft inside. 4 CRX liquor. Camera system, computers, half million in FF&E & new upgrades. Many staff employed 5-9 yrs. $75 to $85K/per week in season & $50-$55K/week out of season. Great area reputation - Fun, Family, Food. Receive $500K cash bonus after purchase puts total price closer to 1.1M. Buy the property & then restaurant is almost free. Banks will do an "expansion loan" on this for any buyer who already owns a restaurant.

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Property Features and Assets:

Real Estate is included in this sale. Total Assets; $ 1,712,000.

Market Competition and Expansion:

No real competition in the area comes close.

Reason for Selling:

Please ask broker.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is a franchise resale opportunity.

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