HSC-Bar & Grill in Rice Lake Wi includes Real Estate

Rice Lake, WI (Barron County)

HSC-Bar & Grill in Rice Lake Wi includes Real Estate
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Asking Price: Get Financing: $279,000

Cash Flow: $53,000

Gross Revenue: $510,000

EBITDA: $89,500

FF&E: $50,000

Inventory: $15,000*

Real Estate: $175,000

Established: 2002

*not included in asking price.

HSC-Bar & Grill in Rice Lake Wi includes Real Estate

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Business Description

One block off of Main Street in Rice Lake sits the local's favorite nightclub/bar/restaurant. Known for its pizzas & burgers Jaybirds is a popular hangout with live entertainment. Jaybird's features a stage, sound system with lights, video games, pool tables, televisions, pull tabs and a completely renovated kitchen.

The current owners are absentee. At 4x SDE including real estate this is a no-brainer for an owner operator.

• $510k ANNUAL GROSS SALES IN 2017
• $78K SELLER DISCRETIONARY EARNINGS
• ABSENTEE OWNERS
• UPSTAIRS APARTMENT
• FULL KITCHEN
• DANCE FLOOR AND STAGE
• SOUND & LIGHT SYSTEM
• NEW FLOOR IN 2018

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Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
3,500
Employees:
14
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2 Story building on a corner lot. Top floor has a one bedroomn apartment that generates monthly income.
Competition:
One of only a few bars in the neighborhood.
Growth & Expansion:
Newly remodeled kitche with 14' hood and lots of equipment give a lot of flexibility to new operator.
Support & Training:
2 weeks
Reason for Selling:
They are absentee owners and have other business interests
Contact Seller

Contact the Seller

(from currently available funds)
 
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Rick Guntzel

Business Listed By:
Rick Guntzel

Hospitality Services Corp.

Show Phone Number

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Sponsoring Broker:
Jerry Vlaminck

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