Commercial Building With Sports Bar Already Included For Sale

Business description

This is an excellent opportunity to own a turnkey sports bar with endless development options. This 1921, 30,000 square foot beautiful brick building has been updated from the roof down to complete architectural design and state approved building plans. The updating project costs were in excess of $197,000. There is a complete set of CAD drawings available of the complete building. The opportunities only begin with the Sports bar, with a steady revenue stream from the business, let the creative side of you take over. Retail, condominiums or office space would be a perfect fit for the 2nd and 3rd floors! The bar business is leased to; and run by; a third party, the monthly rent is $1250.00. The sports bar is extremely busy with attractions such as pool, dart leagues and live music on the main stage. The video gaming machines, of course, bring in a nice revenue stream. A major opportunity would be to take advantage of the complete kitchen, at this point the bar does not utilize. The liquor license as well as all equipment needed for a full bar operation is included. There is no access to the proftitability of the business. The current operator will allow potential buyers the opportunity to see vendor purchase statements only.

Property information

Real Estate:

Real Property Included

Location:

Located in Northwestern Wisconsin

Premises details:

This is 30,000 sq ft brick building. The bar area is approx. 3000 sf.,plus another 1000 sf. for stage and storage. The building has been maintained and updated. There is roughly $200,000 worth of remodeling/updates included in this opportunity. New owner needs to prospect for more tenants.

Other information

Expansion potential:

Excellent opportunity to do so much more with this amount of square footage. A buyer with the creativity and capital can take this to a whole new level. Busy downtown area.

Competition / Market:

This is the premier sports bar in the area. Bar stays extremely busy with an excellent following from the community.

Support & training:

Training will be provided as needed

Reasons for selling:

Other business interests

Trading hours:

Regular Bar Hours

Owner financing:

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

Financing available:

Seller will consider some financing for a good buyer.

Furniture / Fixtures value:

$30,000 (included in the asking price)