Billiard Parlor Includes Assets & Inventory
Location Pennsylvania,United States
Asking Price Range $500K - $1.0M
Gross Revenues $490000
Net Profit / Cash Flow $290000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1988
Number of Employees 6 - 9
Inventory 275000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Owner will provide training for 4 weeks without compensation to ensure smooth transition.
Reason for Sale Owner has other interests after 20 years.
Description This well-established billiard parlor has been a mainstay in the community for over 15 years. Currently the owner works only 25-30 hours per week. All of the opening and closing responsibilities are shared between employees. This business tailors itself to a loyal customer base in a healthy like atmosphere. An active owner could easily replace one of the current part-time employees, adding up to $20,000 to the bottom line. There are over 15 tables in this immaculate parlor, a retail section for billiard sales, various games for entertainment, as well as a food and beverage concession. The business participates in several amateur and professional events. The company enjoys a great lease which has an option period after Dec 2009 for an additional 5 year term. Business revenue is broken down as follows: Pool / Billiards 63%, Food & Beverage 14%, Retail Sales 10% and Video games of 13%. Business includes a 24 / 7 surveillance system providing reliable and trustworthy security. Recreational businesses prosper in good and bad times. This business is no exception. The sale includes equipment and inventory with a market value of $275,000. Only financially qualified buyers will receive additional information. Business has been approved for SBA financing with $300,000 as a down payment. Contact for more information on this Billiard Parlor for sale.
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