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Polaris Area Pub

Westerville, OH (Franklin County)

Seller Financing Available
Polaris Area Pub
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Asking Price: Get Financing: $199,000

Cash Flow: $1

Gross Revenue: $660,000

EBITDA: $1

FF&E: N/A

Inventory: $8,000*

Lease Rate: $4,800 /Month

Established: 2013

*not included in asking price.

Polaris Area Pub

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Business Description

Successful Polaris Area Pub that has continued to develop positive year over year sales growth. Great operation with live entertainment and a small kitchen that can handle and produce a limited menu. Location has great proximity to dense residential population and very close to the Polaris Fashion Mall / Retail corridor. Full renovation of this space took place 4 years ago and the Pub now sees capacity crowds on a regular basis. Excellent opportunity for an owner / operator to take over a turn key location.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
3/1/2018
Employees:
10
Facilities:
Location is on an end-cap with 2,880 SF of indoor use space. There is a small patio out front. Business has a small kitchen for prepared items on a limited menu. No hood. Pub comes with a D5 / D6 liquor permit. There is a large bar to accommodate higher volumes of guests and a stage for Live Band entertainment. There are 23,000 VPD. 5 year Lease option is being exercised on March 1, 2018.
Competition:
This is a very clean and well run operation that has functioned as a bar for the past 10 years. As its current concept, the Pub has become a staple for the locals and a destination for visitors to the retail markets close by.
Growth & Expansion:
Great business for owner / operator to step in and take over an already successful operation and fine tune it.
Support & Training:
Owner will provide some transitional training if the concept stays the same.
Reason for Selling:
Owner has other business interests out of state
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(from currently available funds)
 
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Brett Post

Business Listed By:
Brett Post

Sokol & Associates

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