University Area, Sports Bar & Grill, and Night Club

Akron, OH (Summit County)

Seller Financing Available
Bar and Grill
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Asking Price: $299,900

Cash Flow: $180,000

Gross Revenue: $900,000

EBITDA: N/A

FF&E: $200,000

Inventory: $25,000

Established: 2014

University Area, Sports Bar & Grill, and Night Club

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Business Description

Premier market leading university sports bar and grill, nightclub, dance club, and restaurant across the street from a +30,000 student university. “The place to be” around this major university. Owner manages pseudo absentee with excellent management in place. Two facilities with 6,000 SF under roof and two facilities with 8,000 SF patio in between with two DJ areas, huge enclosed patio dance area outdoors. This sky-high Facebook rated college sports bar, night club has 32 TV’s, three bars under one roof, two patios with one open and one enclosed.

Great food, 40 cameras and security system, grossing $900,000 with Seller discretionary cash flow of $180,000 and priced to sell at only $299,900 with potential return of money invested in one and one-half years. Seller notes facility is in mint condition. Just invested $20,000 in new flooring and the new owner is expected not needing to invest anything in the facility coming in. Well done, fully functional, beautiful, strong cash flow, and priced to sell with management and well-trained staff in place. Check this one out.

The information contained herein has been secured from the Seller. Sunbelt Business Brokers of Northern Ohio does not warrant or guarantee in any way whatsoever either the accuracy or the correctness of the information or any assumptions or inferences there from. Buyer should conduct his or her own diligence before buying. This information is subject to change without notice.

Detailed Information

Inventory:
Included in asking price
Employees:
6 FTE, 20 PTE
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
6,000 sq. ft. leased space
Financing:
Seller will consider some financing for a qualified buyer
Support & Training:
Seller will negotiate a transition period
Reason for Selling:
Focus on other business interests
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Contact the Seller

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Jeffrey Bury

Business Listed By:
Jeffrey Bury

Sunbelt Business Brokers of Northern Ohi

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