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Asking Price$324,901
Revenue$365,000 Established1955
Cash Flow$72,000 Employees4 full, 8 part
FF&E$75,000* FranchiseNo
Inventory$21,500 RelocatableNo
Real Estate$140,800* Home-basedNo
* Included in Asking Price
This business is a neighborhood institution in Lincoln County. It has been a bar for almost three quarters of a century. Now you would never suspect that when you see the inside. This immaculately cared for neighborhood bar and eatery has seen upgrade after upgrade. It has 2 bedroom living quarters currently rented to provide additional revenue, but the home could be used by the new owner's family. The Friday Fish fries are packed and the owners have done an outstanding job of partnering with the community including hosting social events that draw customers from surrounding areas.
Facilities:Building size: approx. 3,500 sq. ft. bar/restaurant space; party room size: approx. 800-1,000 sq. ft.; rental property size: 1,000 sq. ft.
Competition:There are few bars and grills in the area, there are none that currently offer the built in income that comes with this business. The owners have shared that they have a loyal following, and have one of the busiest fish fries in the area. Market outlook is excellent. An operator coming in with the resources and ambition to increase liquor and food sales could potentially increase sales significantly. There is also an opportunity to increase sales through more active marketing and advertising efforts to drive in new customers in specific market segments and draw those crowds from the surrounding communities.
Growth Potential:There is ample room for expansion should a new owner wish to expand the building. There is a detached party room next to the building that could be built out to whatever you want it to be, and even attached to the main building should you wish to expand the interior.
Training/Support:3 weeks full time and phone consultation after.
Sale Reason:Retirement
Ad #76357
Seller Reference #1217752
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Jerry Vlaminck
Hospitality Services Corp.
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