PRICED REDUCED FOR QUICK SALE! Sports Bar / Restaurant / Music Venue

MN

Seller Financing Available
PRICED REDUCED FOR QUICK SALE!  Sports Bar / Restaurant / Music Venue

Asking Price:$449,000

Cash Flow:$150,000

Gross Revenue:$1,700,000

EBITDA:N/A

FF&E:$250,000

Inventory:$20,000*

Established:2007

*not included in asking price.

PRICED REDUCED FOR QUICK SALE! Sports Bar / Restaurant / Music Venue

Get Financing Save Print Share Valuation Report

Business Description

Price reduced for quick sale! Owner moving out of state.

This is an incredible opportunity to own one of the top music venues in the Twin Cities area! This sports bar / restaurant / music venue is not only known for its great food and social atmosphere, but its music itinerary is second to none. They feature National and Regional acts as well as a famous National recording artist. Using top management and a fully trained staff, the owners know how to make this business work. The partners have decided to sell as they are moving out of state. This business has everything a prospective owner could ask for!
- Great numbers
- Great lease
- Spacious interior with great site lines (Must See)
- Full Kitchen
- Outdoor patio
- $100K Sound, Light and DJ System included
- 18 Tap lines
- 2,000 sq. ft. available for banquet space
- Owners continue to upgrade and keep equipment “top of the line”

Detailed Information

Inventory:
Not included in asking price
Employees:
5 FT / 35 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Building size: 13,000 sq. ft; lease is $11,000/month (everything included)
Competition:
There is no other place like this in the area!! Very profitable! There is a very large, diverse customer base, and this business is a destination spot. People come from all over the Cities for concerts and to enjoy the night life. Great specials!
Growth & Expansion:
Owners have recently started booking national acts and have had nightly sales between $20-43K for these events. Booking similar name acts will significantly increase sales revenue! - Owner will stay on as a musical consultant! - Adding new marketing ideas will only help expand revenue for this successful business. - Total Turn Key operation!!
Financing:
$200,000 down, terms acceptable to seller
Support & Training:
Sellers will assist in the transition to help new owners, to be negotiated between buyer/seller
Reason for Selling:
Moving out of state

Listing Statistics for Premium Members

Ad#:1240491 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

(from currently available funds)
 
Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Jerry Vlaminck

Business Listed By:
Jerry Vlaminck

Hospitality Services Corp.

Show Phone Number

View My Listings

Find out more...

Get more details about this business.


Similar Listings


Tracks and Records

Franchise Opportunity In MN
Capital Required: $700,000