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"Sports" Theme Ale Bar Restaurant ,Dining Lounge, Property, Parking & More State University Access Region / EZ New Brew Concept Location Expansion >>> CURB APPEAL PRIDE OF OWNERSHIP LOCATION <<<
This is a well established neighborhood lounge in a well travelled Akron Area; No liquor violations; smoking patio; Very low Food Sales (around 5% to 7% of sales); 2014 Gross Sales per Tax Filling: $343,058; moderate pricing policy. It is worth noting that the Business is run more like a Life-style business by its owners without Cash Flow Optimization objectives. Established clientele with mid-day; early evening and evening customer traffic. Long-term ownership by its current owher. Hours: Noon to 2:30 am. Seating Capacity: 70 (including 10 seats in the smoking patio) expansion potential may come up next door. Occupies about 2,490 sq. ft. Lease: The lease rate is currently $3,100 per month expiring on Sept, 1, 2020. There is an additional 5-year terms option at $$3,250 per month. Liquor License: D1/D2/D3/D3A/D6 Special Events/Games; Karaoke evenings; Sports Viewing; Pool Table, Electronic Dart Board (games vendor owned). ASKING PRICE: $185,000 including liquor. license rights. UPSIDES: Hands-on Ownership; Pricing adjustments; Marketing/Promotion initiatives not currently used. NOTE: The business is gradually improving its Gross sales after an 18: decline from 2010 into 2011. There is also an improvement in the Gross Margin. The Sellers believe that there is room for profit margin improvement by initiating moderate price increases. ====================================
Summit County, OH
Summit County, OH
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