Sports Bar And Restaurant
Location Ohio,United States
Asking Price Range $250K - $500K
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2006
Number of Employees 10 - 19
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Leased
Reason for Sale Owners to concentrate on other businesses.
Description Sports Bar and Restaurant for sale with very unique decor and a great bar area. Seating for 160 with additional seats available in the pool table and dart area. D5 and D6 with a Keno License. Land development in the area is underway, including a shopping and commercial area north of the business. The landlord has begun installing an entrance/exit onto the State Route, which will bring awareness to the location as never before. They have recently added Wednesday Trivia, Thursday Karaoke and bands on the first weekend of the month with more to come as the business dictates.The non-owned items in the restaurant are the ATM and 2 credit card machines. They are leased. The gaming equipment (Touch Tunes, dart boards, pool tables, change machine) is owned by an amusement company with a 50/50 split. Large, like new kitchen, spotlessly clean. Inventoried and valued at $147,000 prior to purchase. The current owners acquired the business from the landlord of the shopping plaza in which the business is housed, repaired, restocked, refurbished and reopened in July, 2008. Sales reports from June 2006 show sales of $40,697. We believe sales can and will normalize at about $40,000 per month.
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