NOT DISCLOSED, North Carolina
| Asking Price |
$1,100,000 |
Year Established |
1986 |
|
| Annual Revenue |
$868,313 |
Reason for Selling |
Retiring |
|
| Annual P/L |
$0 |
Attention |
Sean Rollins |
|
| Annual Cash Flow |
$330,000 |
Listing Number |
1019011 |
|
| # of Employees |
14 |
Business Category |
Food & Beverage: Bars, Clubs, Nightspots |
|
Business Overview:
-SBA Pre-Qualified-
An outstanding opportunity to acquire a profitable, long-established sports bar with a loyal customer base, strong community presence, and a proven track record of success. With decades of operating history, this well-known establishment has become a popular destination for locals seeking great drinks, exciting entertainment, and a welcoming atmosphere.
Located in close proximity to a well known military base, this bar has a constant flow of business! The bar offers a wide selection of beer, wine, and liquor, complemented by vending services and a variety of entertainment options. Guests enjoy regularly scheduled karaoke, NFL Sunday Ticket, pool tables, games, and a spacious outdoor patio equipped with televisions. Whether gathering with friends, watching their favorite teams, or enjoying a night out, customers appreciate the relaxed, friendly environment that has made this establishment a local favorite.
The business operates from a highly visible standalone building with ample parking and excellent road exposure. Ownership completed extensive renovations during the COVID-19 pandemic, investing significantly in modernizing the facility and enhancing the overall customer experience. The combination of updated amenities, indoor entertainment, and inviting outdoor space provides an attractive setting for both regular patrons and new customers.
One of the most appealing aspects of this opportunity is its established semi-absentee ownership structure. Over more than two decades, the husband-and-wife ownership team has developed efficient operating procedures and assembled a dependable, experienced staff, allowing them to step away from many daily responsibilities. Neither owner regularly bartends or provides entertainment, and their combined involvement is approximately 20 hours per week. This structure offers an incoming buyer the opportunity to acquire an established operation without the demands typically associated with hands-on bar ownership.
The business has demonstrated strong financial performance, generating more than $1 million in annual revenue in multiple recent years. Its established reputation, loyal clientele, and consistent customer traffic provide a solid foundation for continued success. Additional growth opportunities exist through expanded entertainment offerings, themed events, private parties, increased marketing efforts, and creative promotions designed to attract new customers and maximize revenue.
After 24 successful years of ownership, the husband-and-wife team is ready to transition into retirement. They have thoroughly enjoyed operating the business, building lasting relationships with customers, and becoming an integral part of the community. Their success has allowed them to accumulate substantial outside investments, providing the financial freedom to retire and pursue the next chapter of their lives.
This is a rare opportunity to acquire a profitable, established sports bar with an experienced staff, a loyal following, limited owner involvement, and meaningful growth potential. Whether you are an experienced hospitality operator or an entrepreneur seeking an established business, this opportunity offers an attractive combination of lifestyle, profitability, and future upside.
Property Features and Assets:
Market Competition and Expansion:
<p>The bar competes primarily with a limited number of locally owned bars and restaurants that offer bar service.</p><p><br> A significant growth opportunity exists in expanding the bar's entertainment and event offerings to increase customer traffic and overall sales. The business has successfully hosted karaoke for approximately 24 years, demonstrating the value of entertainment in attracting and retaining customers. A new owner could build upon this foundation by introducing additional themed events, private parties, live entertainment, special promotions, and other recurring activities designed to increase traffic, particularly during traditionally slower periods.<br><br></p>
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