Sports Bar - Restaurant
Location Ohio,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1243000
Net Profit / Cash Flow $310000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2005
Number of Employees 20 - 34
Inventory 270000
Relocatable No
Number of Employees 20 - 34
Real Estate Owned
Training As needed.
Reason for Sale Personal health and multiple businesses.
Description This business began operating at its present location in a free-standing building in November 2005. This full-service restaurant chain has been consistently listed in the top 50 in Restaurant Business magazine as one of the fastest growing privately owned chains in the country. The menu offers high quality foods and a fun atmosphere that caters to families, as well as sports enthusiasts.
The owner spends less than 15 hours a week on this business (has six others). A manager and assistant manager (both would like to stay) operate the business on a day-to-day basis, including ordering food and hiring.
Investment Highlights:
- Excellent location
- High traffic area
- Seating for 265
- 7,186 square feet
- More than ample parking
- D5, D6 Liquor License
- Semi-absentee owner - opportunity for owner/operator
- $80,000 salary for a new owner has been left in the P&L expenses
Purchase Price:
The restaurant is being offered as an asset sale, free and clear of all debt and liabilities, for an asking price of $695,000.
2008 Sales $1,243,000 2008 Seller Discretionary Cash Flow $310,000
Click Here To Contact Seller
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