Well Established Sports Bar (#22633)
Not Disclosed, NY Suffolk County
Suffolk County, Long Island
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- RE: Well Established Sports Bar (#22633)
- Contact: Ziggy Marszalek
Quick Facts
| Asking Price: | $130,000 | |
| Annual Revenue: | $450,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $100,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 935179 | |
| Broker Reference #: | 22633 |
Business Overview:
A well-established sports bar located in West Suffolk County is for sale. The business has been under the same ownership for over three decades, showcasing its longstanding presence and stability in the area. Long-Standing Ownership: The current owner has successfully operated the sports bar for more than 33 years, demonstrating a track record of consistent management and commitment to the business. Recent Upgrades: The sports bar has kept up with modern demands by installing four brand new taps and updating to a new POS system, suggesting a forward-thinking approach to business operations and customer service. Revenue Streams: The establishment enjoys multiple sources of income, including earnings from Quick Draw and vending machines, indicating a diversified revenue model that could be attractive to potential buyers looking for a business with various income potentials. The bar has faced a recent managerial change due to the unfortunate passing of the previous manager. Additionally, the current owner's relocation to Florida has presented new operational challenges that need addressing.
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Property Features and Assets:
The lease terms are competitive, with the rent and real estate taxes combined at $4,700 per month, which is reasonable for the location and size of the property. Monthly Rent: $4,500 Lease Ends: 2033-01-01 Area: 2,500 sq/ft Building Type: Main Road Parking Terms and Options: 3%
Market Competition and Expansion:
Growth Opportunity: There's unlimited upside potential for an engaged owner-operator who can tap into the existing customer base and drive the business forward. The opportunity is ripe for an individual with the right entrepreneurial spirit and dedication to step in.
Reason for Selling:
Other business interests.
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:
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