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Sports Bar Restaurant
Location Florida,United States
Asking Price Range $250K - $500K
Gross Revenues $1400000
Net Profit / Cash Flow $168000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2006
Number of Employees 10 - 19
Inventory 210000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Yes as needed
Reason for Sale Other business interests
Description HIGHLY POPULAR FAMILY SPORTS BAR/RESTAURANT IN HIGH GROWTH UPSCALE SARASOTA/BRADENTON FLORIDA AREA. Business was built out by the owner five years ago in newly constructed building, and has a five-year lease with three five-year options to renew. Approximately 3,000 square feet. It has had tremendous growth in a short time, and under its lease terms no similar competition will be allowed in the area. Located in a very upscale community with the highest new home construction growth rate in the Sarasota/Manatee counties area. Seats 190, and the owner has been permitted to build an attached lakeside covered deck, adding 40 seats. Serves pub food and a broad selection of beverages. Liquor license is a 4COP SRX. Full menu is available from opening at 11:00 AM until midnight, and a late hour menu is available from midnight to closing at 2:00 AM. Clientele is composed of a broad demographic range of ages. All equipment and furnishings, including 17 large, flat screen TVs, are new and well maintained. More than adequate parking. One of a kind in its location. Strong earnings and has maintained its sales volume in spite of the poor economy. Owner will consider seller financing on a selective and case-by-case basis. This establishment will stay strong and faces no direct risk from similar competitors. This is a very unique opportunity.
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