Saturday, June 24, 2017

Sports Bar & Grill Sales $865,970 Profit $95,187 !!!!
(Alcohol Related, Bars)

Central Ohio - Ohio, Union

Seller Financing: No
Lender Pre-Qualified: No
Listing ID: 73125
Office ID:
Status: Active

Listing Details

Listed Price: $269,900
Down Payment:
Total Sales: $865,970
SDE: $95,187
EBIT:
EBITDA:
FFE: Included? No
Real Estate: Included?
Inventory: $11,000 Included? No
A/R: Included?
Default Image
Contact Information
Frank Nunziata
Jim Tharp Realty
Columbus 43235
Cell: 614 325-6206
Fax: 614 431-6450
Office: 740 965-1981
Email: rhifan@yahoo.com
www.jimtharprealty.com
Send Email To Agent
Reason for Sale:
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Other business interests.
Training:
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Seller to provide training to insure a smooth transition.
Financing Terms:
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No seller financing offered. Obtain an SBA Loan or create a Self Directed IRA (Use your Retirement Assets) to purchase the business.

Operations

Year Established: 2008
Last Acquired: 2008
Form of Ownership: S Corporation
Home Based: No
Relocatable: No
Type of Location: Strip Center
Absentee Owner: No
Online:
Employees: Full Time: 2 / Part Time: 11
Managers: 2
Hours: Mon-Thursday 11:00am-Midnight, Fri/Sat 11:00am-2:00am, Sunday noon-Midnight.
Owner Hours:
Non-Owner Payroll:
Franchise Info: Independent

Location

Lease Expire: 10/31/2018
Option: (2) Five (5) Year Options to renew.
Lease Terms: Present Gross Rent $8,353 per month. The Base Rent Does Not Increase for the Entire term of the lease. There are 2 Five Year Options to Renew.
Lease Security: $16,736
Monthly Rent: $8,353
Square Footage: 4937
Facilities:
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The business is located on a very busy road in a strip center that is surrounded by single family homes and apartments. Facility is 4,937 sq Ft and is an End Cap Unit with seating for 150 inside and has a great Patio which seats 50. Outstanding well maintained equipment, Block O Bar and 12 Flat Screen TV's and 2 Projection Screen TV's.

Summary

Business Description:
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This Sports Bar and Grill was established in 2008 and has a great sales cash flow trend. The bar has a D5, D6 Liquor License (Beer, Wine, Spirits 2:30am close and Sunday Sales). Full kitchen with Great food and an easy menu featuring Appetizers, Wings, Ribs, Fish N' Chips, Burgers, Soups, Salads and Sandwiches.

Consistent Sales that continue to grow !!

Outstanding well maintained equipment, beautiful set up !!

The owners have other locations which has divided their attention and is the reason for the sale. Same Owner since it Opened !!

Sales for 2016 were $865,970

Profit To Owner Operator for 2016 $95,187

This one Priced To Sell !!!!!!
Historical Summary:
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Strong Sales: 2016 $865,970 >> 2015 $913,544 >> 2014 $814,428 >> 2013 $848,343 >> 2012 $770,950 >> 2011 $782,528 >> 2010 $885,051 >> 2009 $780,604.
Owner Qualifications:
Competition:
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Limited competition in immediate trade area.
Potential Growth:

 

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