Sports Bar/Restaurant
Asking Price: | $8,500,000 |
Gross Revenue: | $2,950,000 |
Real Estate: | $6,500,000 |
Cash Flow: | $499,500 |
Inventory: | $50,000 |
Established Year: | 1999 |
Location, Location, Location! This rare opportunity to own an iconic restaurant/sports bar and additional land for immediate use or redevelopment in a desirable metro area. Walking distance to several attractions that host events year-round. An excellent team of full-time management and staff with limited owner involvement, is in place to run daily operations. The building is meticulously maintained and was recently remodeled to expand capacity. The annual revenues show consistent and measurable growth YOY. 2024 is on pace to reach $3MM in sales and a total adjusted net income of $500K. This profitable business is only available due to the owner's wish to eventually retire. The asking price for the business is $2MM. The owner would also sell the associated RE for $6.5 M which incudes the restaurant building ($3.5M) and two other parcels ($3M) that are prime locations for redevelopment.