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College Sports Bar and Restaurant |
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| Listing ID: SPORTS1 Downtown |
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This sports bar/restaurant is located in an ideal area, has plenty of parking, impressive fit-up, quality food and service. Literally walk in and take over.
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| Listing Details | |
| Industry: | Drinking Places (Alcoholic Beverages) |
| Title: | College Sports Bar and Restaurant |
Listed Price: |
$250,000 |
Total Sales: |
$850,000 |
| Owner Cash Flow: | $0 |
Fixtures, Furniture & Equipment: |
$35,000 (Included in listed price) |
Inventory: |
$5,000 (Included in listed price) |
| Financing / Terms: Seller will consider a component of seller financing and will consider investment/partnership proposals. |
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| Reason for Sale: Other interests need for additional capital. |
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| Training & Support: As needed |
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| Executive Summary | |
| Business Description: Everything you would expect at a sports bar. Lots of screens, huge full service bar, extensive beer list, comprehensive menu with quality presentation and service. |
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| Historical Summary: Prior ownership experienced decline in food quality and service. This has been corrected and was the premise of the name change. |
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| Owner Qualifications: Buyer should have prior food service experience including employee management, marketing, and financial oversight. |
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| Competition: Many competitors in the food service / sports bar space. This business is unique in it's location, facilities and client demographic. |
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| Potential for Growth: Tight management of expenses and effective marketing are the keys to growing the top and bottom line. Prior ownership documents $100k a month in sales. |
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| Operations | |
Year Established: |
1999 |
| Year of Last Acquisition: | 2008 |
| Form of Ownership: | S-Corp |
| Absentee Owner: | YES |
| Franchise Information: | n/a |
| Percent of Business Online: | 0 % |
| Days & Hours of Operation: | Open Mon 12am-2am, 4pm-2am; Tue-Thu 4pm-2am; Fri-Sat 11am-2am; Sun 11am-12am |
| Number of Employees: | 32 PT |
| Location | |
| Type of Location: | Enclosed Mall |
| Square Footage: | 9100 |
| Facilities / Location Description: 6700 inside + 2400 patio. Extensive indoor and outdoor seating, 8 large projection screens, dozens of LCD's, huge full service bar, ample parking, located on main college drive. A new lease will need to be negotiated. |
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| Monthly Rent: | $9,200 |
| Terms and Conditions: | month to month no pg |