NOT DISCLOSED, South Dakota
| Asking Price |
$3,900,000 |
Year Established |
2000 |
|
| Annual Revenue |
$2,176,345 |
Reason for Selling |
Seller is nearing retirement. |
|
| Annual P/L |
$0 |
Attention |
Bryan Mulder |
|
| Annual Cash Flow |
$678,838 |
Listing Number |
1020344 |
|
| # of Employees |
25 |
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
This is a long-established, full-service sports bar and grill that has operated continuously under the same family’s ownership for more than two decades. The business has built a loyal, neighborhood-driven customer base and strong local brand recognition as a go-to destination for watching sports, family and business gatherings, etc. This establishment has signature menu items, regional bar-food specialties, and recurring weekday specials. The concept has also hosted guest-chef pop-up collaborations, reinforcing its standing as a community gathering spot beyond a typical tavern.
Revenue is diversified across three complementary streams: food sales, beverage sales (liquor, wine, and beer), and state-licensed video lottery gaming. The beverage sales out weigh the food sales generating higher gross margins than most establishments. On a trailing 12 month basis, the business has produced annual revenue in the $2 million + range with strong seller’s discretionary earnings.
The opportunity is being brought to market as a real-estate-inclusive going concern, encompassing the business’s FF&E, goodwill, liquor and video lottery licensing, and the freestanding building it occupies in an established, high-visibility commercial corridor within a growing Midwest metro market. The combination of durable cash flow, a diversified revenue mix, and owned real estate positions this well for either an owner-operator or a multi-unit hospitality group, and supports availability for acquisition financing.
Property Features and Assets:
<p>The facility is sufficient for current and future demand.<br></p><p>Assets = $2,076,680</p>
Market Competition and Expansion:
<p>Competition in the market can be considered mature. With that said, this opportunity is well established and has a great following.<br></p><p>The potential for growth is certainly attainable. Current advertising expense is 3% of revenues.<br></p>
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity