Known Hometown Bar/Restaurant near Lexington, KY!

KY

Seller Financing Available
Burgers, pizzas, great food
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Asking Price: Get Financing: $195,000

Cash Flow: $67,000

Gross Revenue: N/A

EBITDA: N/A

FF&E: $120,000

Inventory: $42,000

Real Estate: $370,000*

Established: 2006

*not included in asking price.

Known Hometown Bar/Restaurant near Lexington, KY!

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Business Description

Locally Known, consistent cash flow- Own your own hangout spot!

A locally known restaurant and bar with great margins and established identity for sale. Good revenue with remaining opportunity for growth. Located in central KY with great foot traffic and plenty of room to entertain. Popular spot for regular crowds and annual events that help guarantee income. Mostly absentee owner currently; additional revenue can be gained with a little more attention. Established relationships with suppliers result in consistent delivery and great trade terms. Great social media reviews (4.8/5) and fully licensed for music and entertainment through 2019.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
2,300
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Fully stocked kitchen, bar, service, patio, inventory, entertainment, and digital equipment setups. All included in sale. Fully licensed for all alcohol, foods, music, and even passing inspections with flying colors.
Competition:
1 of only 3 similar businesses in the area. Only direct attention needed is for setting up entertainment or booking talent. Bookings can be outsourced if desired, but doing yourself saves 10% on entertainment costs.
Growth & Expansion:
Can increase the food portion of the business or host events beyond music for additional revenue.
Financing:
Negotiable
Support & Training:
30 days plus industry orientation as needed
Reason for Selling:
Other business interests (investor owned, investors moving out of state)
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Business Listed By:
Zackery

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