Historical Restaurant and Sports Bar

Saint Louis, MO (Saint Louis City County)

Historical Restaurant and Sports Bar
Contact Seller

Asking Price: $980,000

Cash Flow: $92,247

Gross Revenue: $453,700

EBITDA: N/A

FF&E: $296,680

Inventory: $78,839

Real Estate: $980,000

Established: 2015

Historical Restaurant and Sports Bar

Save Print Share Valuation Report

Business Description

Excellent opportunity to own a turn-key established restaurant and sports bar. This amazing $1M stunning renovation of a well -known St. Louis favorite restaurant features a completely updated interior boasting plenty of space for dining and bar patrons alike. Two beautiful restrooms, a state-of-the-art commercial kitchen, plenty of dry and cold storage, staff restroom and second story office space. The lower level offers additional space for inventory, along with more dry and cold storage. The restaurant sits prominently on a corner lot and cannot be missed- great visibility! The forty space parking lot plus available street parking offers more than adequate parking for staff and patrons. The sale includes the real estate, the operating business, and all FF&E and available inventory. If you had a dream of owning a restaurant and a sports bar, then this is truly an opportunity that cannot be passed up!

Detailed Information

Location:
Saint Louis, MO
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
11,361
Employees:
30
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The building is fully owned by the Seller and included with the purchase of the business. The premises consist of a lot size of 18,731 s.f. and the building has a lower level, main level, and upper level with a total of 11,361 s.f. of space. All kitchen equipment and FF&E was new, or like new, as of 2015 and everything is included in the sale of this operating restaurant. The upper level can be used for personal office space or leased and has been completely renovated.
Competition:
Longstanding historical restaurant temporarily closed in 2015 for new renovations and full makeover. Turnkey: Includes all FF&E, inventory, and staff- operational on Day #1! Full Commercial Kitchen. Historic location and great community support. Price includes real estate and operating business. Food menu prepared by a local and nationally renowned Executive Chef. Great online reviews.
Growth & Expansion:
This restaurant and its owners have been featured on local television and radio programs as well as appearances on national cable food network shows. Social media is always a key ingredient (no pun intended) and has proven to be a major influencing factor when positioning restaurants in the St. Louis market place. The new owner will want to get to know the staff, build their team, and take advantage of food festivals and social events to continue to highlight this exciting corner of St. Louis!
Support & Training:
With over 30 part time staff and two full time managers, this restaurant has all the experience in the right place. Your leadership and vision is all that is needed to take the restaurant to the next level. The owner will be providing 4 weeks of transition training. The staff and managers are loyal to the restaurant and have been employed for a long time. The owner has stated there should be little concern for employee turnover and laments over the fun staff and how well everyone works together. A new owner would be welcomed with open arms and made to feel very comfortable as the Captain of the Ship.
Reason for Selling:
Owner desires to pursue other personal interests.
Business Website:
http://www.vrbusinessbrokers.com/Listing/Historical-Restaurant-and-Sports-Bar.aspx
Contact Seller

Contact the Seller

(from currently available funds)
 
Contact Seller Loading

Jeff Kalil

Business Listed By:
Jeff Kalil

VR Gateway Business Brokers of St. Louis

Show Phone Number

View My Listings

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1672529 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 of Use before responding to any ad.


Similar Listings


810 Billiards & Bowling

Franchise Opportunity
Cash Required: 450000