Sports Bar National Franchise Sales $1,047,296 Owner Profit $132,612

May 7, 2018

Price: $281,500

Location: Columbus (Franklin County)

Industry: Sports Bar Restaurant

Listing Category: Restaurants -- Full Service

Listing ID: 77999

Great opportunity to own a Nationally Franchised “Family Friendly” Sports Bar/Restaurant that caters to families and sports fans.  The business has been open for 12 years with a strong consistent operating history and is part of a National Franchise that has been in business for over 30 years.

The business has a D5, D6 Liquor License (Beer, Wine, Spirits and Sunday Sales). Full kitchen with Great food and an Easy menu featuring Appetizers, Wings, Burgers, Soups, Salads and Sandwiches, Entrees, Deserts, and Catering.

Outstanding beautiful decor, Great Bar (Lots of Tap Beer), Comfortable Dinning Room and Fantastic Patio !!  Loaded with 50 inch Flat Screen HD TV’s to enjoy all Sports venues Ready for OSU SPORTS !!!  Efficient kitchen set up with well maintained equipment to easily handle large crowds.  The Bar area has seating for 40 people (10 Bar Stools with Booths & Tables seating for 30 people), the Dinning Room seats 74 people (10 Booths and 8 Tables), Patio has seating for 20.

Located on a busy main road within close proximity to the towns High School !  Excellent visibility and ample parking.

Very strong and established Franchise System (Est for 30 Years) providing outstanding franchisee support.  A new owner can expect an initial 5 weeks of Franchiser sponsored training at their corporate HQ with continued follow up support.

Fantastic Lease !! Current term Expires in 2025 with TWO 5 Year Options to Renew !! Base Rent has already been set for the entire lease term and its options so no guess work with rent Everything is already spelled out !!

The Asking Price for the Business is $281,500 >> This includes all Equipment, Furniture & Fixtures, and Liquor Licenses.

Plus Franchise Fee of $17,500 >> This Fee gives the new owner 5 weeks of Initial Franchiser Sponsored Training and a 10 Year Franchise Agreement.

The business is owned by the Franchiser and is operated on an Absentee Basis this is a Great Opportunity for a strong local buyer with Hands on attention to take the business to the next level and grow it within the Columbus market !!

 

Listing Details

Total Sales: $1,047,296

Cash Flow: $132,612

Inventory: $15,000

Franchise?: Yes

Franchise Information:

National Franchise Established for 30 Years

Terms and Conditions?:

No Seller financing offered will be directed to bank for SBA loan.

Reason For Sale:

Owned by Franchiser. Franchiser wants to sell to local Franchisee operator.

Training & Support:

Five (5) Weeks Franchiser Sponsored training at Franchiser HQ.

Operation

Year Established: 2006

Year of Last Acquisition: 2006

Days & Hours of Operation: Monday-Saturday 11:00 am-11:00 pm, Sunday 11:00 am-10:00 pm.

Managers: 1 GM 2 Assistant Managers

Absentee Owner?: Yes

Location

Lease Option: 10 Year Term Expires July 2025 with Two (2) Five (5) Year Options to Renew

Monthly Rent: 6461

Type of Location: Strip Center End Cap Unit with Patio

Square Footage: 3310

Facilities Information:

Outstanding beautiful decor, Great Bar (Lots of Tap Beer), Comfortable Dinning Room and Fantastic Patio !!  Loaded with 50 inch HD Flat Screen Tv's to enjoy all Sports venues Ready for OSU SPORTS !!!  Efficient kitchen set up with well maintained equipment to easily handle large crowds.  The Bar area has seating for 40 people (10 Bar Stools with Booths & Tables to handle 30 people), the Dinning Room seats 74 people (10 Booths and 8 Tables), Patio has seating for 20.

Located on a busy main road within close proximity to the towns High School !  Excellent visibility and ample parking. 

Summary

Historical Summary:

Established in 2006 12 years of Successful Operation !!!

Owner Qualifications:

No Experience required Franchiser provides 5 weeks training,  Minimum Net Worth $250,000 SBA will require 10% Cash Down based on Total Project Cost.  Project Cost Defined: Business Purchase Price, Plus Franchise Fee, Plus Inventory.

Competition:

Minimum competition in the immediate trade area.

Potential Growth:

Tremendous Potential for Local Owner.

Financing/Terms:

No Seller Financing Offered.  Will be directed to Bank for SBA Loan. Minimum Net Worth $250,000 SBA will require 10% Cash Down based on Total Project Cost.  Project Cost Defined: Business Purchase Price, Plus Franchise Fee, Plus Inventory.

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