Popular Sports Bar and Grill, Neighboring a Major Sports Arena

FL

Seller Financing Available
Popular Sports Bar and Grill, Neighboring a Major Sports Arena
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $4,400,000

EBITDA: $420,000

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 1992

Popular Sports Bar and Grill, Neighboring a Major Sports Arena

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Business Description

This Establishment offers a variety of food and drinks, including sandwiches, burgers, wraps, flatbreads, wings, kid’s meals, and a variety of appetizers and entrees. Additionally, the Company offers a wide selection of craft and draft beers. In 2017, The Company’s sales were generated from approximately 46% food and 53% alcohol. Additionally, the real estate for the Company’s location is owned and prime for redevelopment. The real estate has a dramatically increasing value, and can be acquired with or without the business. The Company’s location is neighboring a major sports arena and newly developed shops and residential complexes. The facility encompasses approximately 30,000 square feet with a seating capacity over 800.

Detailed Information

Real Estate:
Owned
Building SF:
30,000
Employees:
69
Facilities:
The Company operates from a Company-owned facility in Florida. The facility has approximately 30,000 square feet of usable space and sits over 800 people.
Competition:
Strong Community Relationships: In operation since 1992, the Company has built substantial goodwill by providing great-tasting food and solid drink selections in a unique sporting environment. Management credits its reputation as a critical factor that has contributed to the Company’s success. Diversified Customer Base: No single customer accounted for more than 1% of revenue during the historical period. The diversified customer base helps ensure that the Company will not be significantly impacted by the loss of a single account. Experienced Staff and Strong Management Team: The Company calls upon its employees to deliver a consistently positive experience for patrons. The Company has cooks, bartenders, and waiters who have been with the bar for many years. The managers ensure the overall experience of all guests to be favorable.
Growth & Expansion:
Growing Market for the Company’s Services: Bars and restaurants that stock large selections of craft and specialty beers are benefiting from booming growth in that market segment. Sales of craft brews are rising more quickly at bars and restaurants than at retail stores as consumers seek out the growing variety of emerging brands available on rotating taps. More than 40% of casual craft beer drinkers and over 60% of frequent craft drinkers decide which bar to patronize based on its craft selection, according to Technomic. Frequent craft drinkers have higher price thresholds, visit bars more often, and consume a larger variety of alcoholic drinks than the average customer.
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Barry DeWitt

Business Listed By:
Barry DeWitt

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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