Sports Bar And Grill With Full Liquor
Location California,United States
Asking Price Range < $250K
Gross Revenues $360000
Net Profit / Cash Flow $72000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1979
Number of Employees 4 - 5
Inventory 25000
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Leased
Training 2 weeks at 20 hours / week.
Reason for Sale Other business ventures.
Description This West Covina sports bar and grill with full liquor is the quintessential neighborhood sports bar. The bar for sale has operated for over 30 years and has been a favorite spot where locals go to watch sports, listen to live music or just hang out with friends. The restaurant offers patrons several flat screen tv's, billiards, a stage for live music or DJ's, as well as a full kitchen serving breakfast, burgers, steaks and seafood. This is your classic, easy to operate sports bar, with a full liquor license and excellent lease rate. The bar may be operated on a semi-absentee basis, as the current owner typically works part time and simply handles admin tasks. The venue could benefit from a full time working owner.
Asking Price $185,000.
This 2,700 square foot facility leases for $2,800 per month including CAM. The lease is valid until December 2011 with the landlord most likely offering additional terms or options. The sale includes the restaurant's furniture, fixtures and equipment, including a full kitchen, full liquor license and remotely monitored security surveillance system. The sale also includes the pool table, however, the other games, dart machines, juke box and ATM machine are not owned, nor included.
Competition is considered low. There are not many other sports bars in the immediate area. .
The business has a great deal of growth potential. The current owners have not aggressively promoted the business, and have bypassed most conventional advertising methods. A new owner could promote the business via coupon mailers, residential and vehicle menu flyers, increase lunch specials and modify the happy hour specials. Given the loyal following of nearby customers, a new owner may also consider implementing delivery service, offering themed nights, or promoting sporting events and implementing holiday parties.
Click Here To Contact Seller
For more opportunities like this go to:
|
|
NEWSLETTER
|
|
Sign up for Free Industry-Related News on Business and Franchise Opportunities
|
|
