Profitable Sports Bar Restaurant with R.E. Available For Sale

Business description

This is a great opportunity to pick up a profitable and growing business with valuable Real Estate at a very reasonable price. The Sports Bar & Restaurant is a huge attraction locally; games, live music and good food & drinks generate sales of $13,500 per week. The Real Estate generates rental income of $2,000 per month from the residential unit. It is currently run absente and experienced operator could take this to the next level. Asking $260,000 for the Business or $1,250,000 for the business and Real Estate.
LICENSES: Full Liquor & Entertainment Licenses (Live Music, Gaming, Keno)
SALES: Approximately $13,500 per week or $702,000 per year
CASH FLOW: The adjusted cash flow is $140,000 per year
REAL ESTATE: Consists of two structures the Bar/Restaurant and a two unit residential rental house
RENTAL INCOME: Rental income from the residential unit is $2,000 per month
AKING PRICE: $1,250,000 for the Business & Real Estate

Property information

Real Estate:

Real Property Included

Premises details:

The space is approximately 3,200 square feet; the facility consists of a bar area with a long bar and a connected dining area. There is also a function room that contains state of the art sporting video games. The facility has over 100 seats and has a very functional layout. This building is ideal for a Sports Bar and or Restaurant concept.
CONDITION: The buildings and restaurant are in good condition and have been recently improved.
PARKING: Private lot with plenty of parking
EQUIPMENT: The equipment has been well maintained and is of good quality.
CONCEPT: Sports Bar & Restaurant
SEATING: 100 plus seats (Sprinkler system has already been installed)

Size in square feet:

3,200

Other information

Expansion potential:

Sales have grown year over year over year. An owner/operator can take this busienss to the next level.

Competition / Market:

Very little competition on the local trade area.

Support & training:

Training will be provided

Reasons for selling:

Family matters

Trading hours:

11:30 AM -1:00 AM

Financing available:

Some financing available to qualifed Buyers

Furniture / Fixtures value:

$160,000 (included in the asking price)

Inventory / Stock value:

$10,000