Neighborhood Sports Bar - ~$500k revenues - excellent profits

MO

Neighborhood Sports Bar - ~$500k revenues - excellent profits

Asking Price:$259,000

Cash Flow:$55,000

Gross Revenue:$500,000

EBITDA:N/A

FF&E:$150,000

Inventory:N/A

Lease Rate/Sq. Ft.:N/A

Established:N/A

Neighborhood Sports Bar - ~$500k revenues - excellent profits

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Business Description

Great neighborhood sports bar and restaurant with a strong following of regular customers. Revenues are very consistent at ~$10,000 per week. There is No other competition in the marketplace as this is a very rare opportunity to own your neighborhood market. Experienced staff is very stable, with long tenures and excellent customer relationships.

This is the premier lunch/dinner spot in town and it delivers a very nice living for its owners.

Owners are preparing for retirement and are willing to provide a complete training program for the buyer so that their customers (with whom they have developed a long relationship) are well cared for and to insure that the new owner generates as comfortable a living as they have.

Kitchen is widely known as the best value in the area. Many regulars come for lunch and dinner and enjoy a nice variety of American favorites – burgers, sandwiches, salads, etc. The fully equipped kitchen is well maintained and everything is in place to insure continued success.

The owners are fastidious about the condition and appearance and while the location opened in 2003, it still looks very fresh today. Great opportunity to own a cash generating machine that produces profits from day one.

This business is SBA eligible and has been previewed with area
lenders who are anxious to work with a new owner. Current owners have no debt, a transferable lease at attractive rate and a loyal following – everything needed to insure continued success in the business.

Attached Documents


Detailed Information

Real Estate:
Leased
Building SF:
3,800
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located in the end space of a suburban strip center on a major state highway. The ~4k sq ft store was built to tenant specifications and still looks fresh. The store is leased at attractive rates and the lease is transferable to the new owner.
Support & Training:
Price includes 30 days of comprehensive training to ensure that buyer is fully trained on all equipment and systems.

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Steven Denny

Business Listed By:
Steven Denny

ABN LLC

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities.

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