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Asking Price$385,000
Revenue$78,202 Established1940
Cash Flow$10,868 Employees1 full, 2 part
FF&E$30,000* FranchiseNo
Inventory$5,000 RelocatableNo
Real Estate$455,000* Home-basedNo
* Included in Asking Price
This business excellent those of us who love revenue coming from multiple avenues. Great food from the grill, tons of updates to the bar, and a NEWLY constructed event space. The space is currently booking events such as weddings, really big pool and dart tournaments, etc, and can support up to 120 person seated events as well.
Facilities:6500 sq. ft. building on .74 acre, seating for 120 in Event Center, also includes 2BR living quarters.
Competition:While there are a number of bars and grills in the area, there are none that offer the complete package that comes with this business. The owners shared that they offer some sponsorships for activities that many others in the area don't, which has led to a very loyal following.
Growth Potential:There is ample room for expansion should a new owner wish to convert the new event center into more bar / restaurant area. There is a natural opportunity to increase sales if you are going to be a hands on active owner. The current owner has a full time job outside of the business that draws a lot of his attention. There is also an opportunity to increase sales by doing internal and external catering of events, and / or bringing additional types of events such as comedy shows, or music events. The sky is the limit for what you can do with this space. Bring your vision to what has been started off spectacularly by the current owner.
Training/Support:Yes, primarily via phone support.
Seller Financing:Possible partial seller financing
Sale Reason:Retirement from industry
Ad #75109
Seller Reference #1204017
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Contact This Seller
Jerry Vlaminck
Hospitality Services Corp.
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