Bar And Pool Hall In Popular University City For Sale

Business description

This is a large bar and pool hall located in a popular university city that is one of the most desireable places to live in Florida.
This business is attractive for many reasons:

Firstly the business is run almost absentee. The owner only spends 2-3 hours a day at the business and that is usually before it opens. He is rarely there on the weekends.

Secondly, the day to day operation is very easy since they do not serve food. All their income comes from the pool tables, the bar, and the vending machines they have around. In case you are wondering why - people who shoot pool like to smoke and smoking is not allowed if they serve food. If the players get hungry they just order out.

Thirdly, while the business is quite successful and can generate even more money. They have a large space on an upper floor that houses a bar, dance floor and room for a DJ that they rent out for private parties. This area can be greatly expanded upon.
While they are near the university a good deal of their clientel is local and not students. This is advantageous because when the university is not in full session the businesses that rely strictly on students lose their patrons.

The price of the business includes a 4COP moveable liquor license that has a value of $125-150,000.


This is a wonderful opportunity to acquire a consistent earner.

Property information

Location:

Business is located in the downtown area

Premises details:

Square footage of premises is 6000. The owner of the building might consider selling it but will gladly give a buyer as long a lease as he would want.
There is definitely room for expansion in this business since the current owner does not use part orf the upper floors.

Other information

Expansion potential:

Great opportunity for expansion. The upstairs area that he occasionally rents out for parties can be definitely marketed and used differently - current owner does no advertising and promotion

Competition / Market:

Only bar in the area that offers billards.

Support & training:

Training and Transition period in included in the selling price

Reasons for selling:

retirement/moving out of area

Trading hours:

Monday - Saturday 4pm - 2am

Sunday 4pm - 11pm

Owner financing:

Owner financing is available. Please contact the seller for more information.

Furniture / Fixtures value:

$220,000 (included in the asking price)

Inventory / Stock value:

$6,000 (included in the asking price)