*Turnkey Bar/Casino/Grill -SE South Dakota

Madison, SD (Lake County)

Seller Financing Available
Game room

Asking Price:$275,000

Cash Flow:$46,000

Gross Revenue:N/A

EBITDA:N/A

FF&E:$63,000

Inventory:$12,000*

Real Estate:$150,000

Established:2010

*not included in asking price.

*Turnkey Bar/Casino/Grill -SE South Dakota

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Business Description

Motivated Seller- Includes Property, Licenses, Equipment and Supplies!

Beautiful well established bar in downtown Madison, SD. This is one the cleanest and nicest bars you’ll find in South Dakota. It's a very popular nightclub for the local and college crowd. They often feature ‘live’ music and karaoke on weekends.

Madison is a community that is rich in industry and features steady, solid growth over the years. Because it is only 40 miles from Sioux Falls it has attracted many large commercial businesses and sits in the heart of the agriculture market of SD.Surrounded by two beautiful lakes it is a major recreational area for the state of South Dakota!

Dakota State University is one of the most renowned colleges that specialize in computers and associated studies.

Purchase includes everything one needs to open including land, building, equipment, furnishings, TV's, etc. and on sale liquor and video lottery licenses. There's a shop attached to the bar that can be purchased or rented that includes storage and office/apartment.

License requirements: On sale liquor- off sale available
Food handlers certificate
SD Gaming license

Seller will consider contract for deed for the right buyer, and with min. down payment.

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The kitchen and bathrooms have been completely remodeled! Complete with 5 Toshiba flat screens and a large 6’x7’ projector, they feature many sports events and games! They also have dance floor lighting system. Exterior awnings for the building are on hand and just need to be installed.
Competition:
Market Outlook: This bar continues to be one of the busiest bars in the area. The combination of the college, the industry and the recreation in this area make this a solid business for someone to live their dream of being their own owner/operator. This is a perfect place to raise a family and have your own successful business!
Growth & Expansion:
Growth and Expansion: Bar Bingo, Texas Hold em’, meat raffles, bar trivia games can all be added for extra revenue. State run video poker brings in app. $40,000 in revenue per year. Attached warehouse with 1 bedroom living quarters also available to purchase or rent. Perfect for owner/operator
Financing:
Price includes real estate, liquor and lottery licenses.
Support & Training:
Onsite training available upon request.
Reason for Selling:
Relocation.

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Business Listed By:
Laurie Gates

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