Sports Bar And Grill For Sale

Business description

This is a very popular sports bar and grill on the busiest thoroughfares in the Tampa Bay area. Strong annualized Gross Revenues for 2009 are $920,550. The restaurant offers a wide selection of Latin and American cuisine to accommodate all customers. The restaurant is the local place to hang out for area residents providing sporting events, a variety of nightlife entertainment, and excellent food and drinks. All sporting events are shown on over 30 High-Definition TV’s NFL, NBA, MBL package and more are available for watching, both inside and on the patio, and is a Wi-Fi Hotspot as well. Happy Hour specials are offered during the week until 7:00pm. Live entertainment, parties, DJ, dancing and events are held every month posted on the restaurants state-of-the-art website that drives traffic to the restaurant. The bar and grill is known for its fun party atmosphere that includes Pool Tables, Dart Boards, Video Games, Beer Pong, Wi-Fi and more. The restaurant utilizes web 2.0 marketing strategies taking advantage of Social Media advertising through Twitter, Facebook, and MySpace keeping customers informed of nightly events and entertainment. Due to theft and bad management the owner has not realized the full earnings potential of the business. This is a golden opportunity for an experienced Sports Bar operator who is willing to train and develop employees, establish loss prevention systems and hire new management for the business could realize greater earnings that are already available in the business.

Property information

Location:

The restaurant operates out of a free-standing building owned by the owner with outside seating. The business has been at the same location for 0ver 20 years and under current owner since 2008. Total square footage including patios is 9,600 sq. ft. 8,899 sq. ft. inside.

Size in square feet:

9,600

Other information

Competition / Market:

There are several competitors in the area. Through successful advertising methods the business stays busy producing strong revenues.

Support & training:

3 weeks

Reasons for selling:

Due to bad management and theft the owner is ready for a change.

Trading hours:

The restaurant is open 7 days a week, Monday-Thursday 3:00pm-2:00am, Friday-Sunday 11:00am-2:00am.

Furniture / Fixtures value:

$250,000 (included in the asking price)

Inventory / Stock value:

$20,000