Seller's Contact Information
- RE: Tavern
- Contact: Bernie Siegel
Quick Facts
| Asking Price: | $440,000 | |
| Annual Revenue: | $834,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $193,848 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 100,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1990 | |
| Employees: | 13 | |
| BBN Listing #: | 58524955 | |
| Broker Reference #: | 2701-17336 |
Business Overview:
Very attractive bar/restaurant. It has been remodeled and 'shows' extremely well.
The business combines an excellent menu of food, a full and complete bar as well as entertainment events to provide customers with a very positive experience.
Can have about 200 patrons. Post-Covid it now sports 60% of revenue from beverages!
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Property Features and Assets:
The facility consists of approximately 3,800 square feet. This represents about 40% of the building. There are two other spaces. One is occupied by a very long established Spa. The other space was occupied by a franchised business that failed due to the Covid Pandemic. That franchise provided teaching experiences for children, and of course during Covid parents would not send their children. Assets - $500,000
Market Competition and Expansion:
Closest competition is 'Ringers' and the 'Roost'. There is a room that had (pre-Covid) been used for parties but has been converted to a poker machine area. The space can handle a good deal more business and some advertising could help develop that.
Reason for Selling:
Seller wishes to relocate to the Poconos.
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
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