Entertainment - Restaurant Lounge
Location Alabama,United States
Asking Price Range $250K - $500K
Gross Revenues $340970
Net Profit / Cash Flow $232386
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1970
Number of Employees 6 - 9
Relocatable Not Disclosed
Number of Employees 6 - 9
Real Estate Owned
Training The Owner is willing to remain up to 3 months ...
Reason for Sale The Owner wishes to pursue semi-retirement.
Description This Owner operated business was established in 1970. This business provides services including, but not limited to, alcohol and non-alcohol beverages, karaoke and dance music. It began as a ''blue collar'' day and night, then gradually changed to ''blue collar'' day and ''young adult'' night. In 1993 it expanded from 45 to 90 seats, then in 2000 to 115 seats, and growth continued to grow seating expanded to 195 in 2004. This is a well-established business, operating 35 years, with extensive name recognition and a great reputation. They are well known in the local and surrounding communities for their great customer service, competitive prices and friendly entertainment. This business has experienced continual growth since its inception. It has the potential to grow to a higher level of success and revenue contributing to the local University within the area. Contact for more information on this Entertainment - Restaurant Lounge business for sale.
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