Property ID : SPL25.298
For Sale $225,000.00 - Bar/Lounge, Restaurant
- A classic Restaurant and Bar with a sport’s friendly atmosphere.
- Popular and well-known name and reputation.
- Outstanding location located off a very busy main highway in the north-east of the City
- Beautiful facility recently completely remodeled.
- Has indoor seating for 100, and that includes a large rectangular bar
- A delicious pub style menu that includes appetizers, soups, salads, sandwiches, wings and desserts.
- Large selection of craft beers, wines and specialty cocktails
- Offers billiards, darts, other arcade games, and lotto.
- Well lit, ample parking as the facility is located in a strip mall setting
- Established in May of 2016
- Open every day 11:30 am until 2:00 am and Sundays at 10am for NFL football
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price)
- Equipment and furniture valued at $62,472
- Inventory liquor, food valued at $2,500 included in asking price
Monthly gross rent is $6,500 for this 4600 sq ft facility
SALES AND SELLERS DISCRETIONARY EARNINGS:
2016 2017 2018 YTD
Sales: $465,196 Sales 683,970 $719,562
SDE $ 25,890 SDE 84,845
Asking price is $225,000 Seller financing is available with one-third down, to a qualified buyer.
This is a great opportunity to get in to a well-established sports bar. Projected sales for 2018 are to be about one million. The business is differently on the upswing. The facility has only been open two and one-half years, and the current owner has taken on more than she can handle. Currently featuring live music on Friday and Saturday nights, and the Grub Hub is averaging about $15,000 a month. .