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RE:  Tavern Contact:  Bernie Siegel
Owner Financing is Available!
$200,000 down/$240,000 over 60 months @ 6%.

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

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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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