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If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

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Family Restaurant & Sports Bar For Sale

Location  Kentucky,United States
Asking Price Range  $250K - $500K
Gross Revenues  $689000
Net Profit / Cash Flow  $6000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2009
Number of Employees  20 - 34
Inventory  400000
Relocatable  No
Number of Employees  20 - 34
Real Estate  Leased
Training  As needed
Reason for Sale  New job in Florida
Description  This is a relatively new restaurant located in Independence, Kentucky. The facility and restaurant are less than three years old. The restaurant sales are currently around $55,000 per month. In the first year the restaurant was open (2009) monthly sales were $80,000. The decline is attributed to both the economy and increased competition. The business is operated on a somewhat semi-absentee basis. The business is marginally profitable on an adjusted cash flow basis. INVESTMENT HIGHLIGHTS: The area is growing with new businesses and population growth. A new, large apartment complex is opening shortly nearby. Good staff Turnkey opportunity Full Liquor License with Sunday sales Seating capacity: 177 including bar area and party room Priced well under cost to built and equip Leased facility with possibility of purchase at a great price PURCHASE PRICE: The business is being offered as an asset sale, free and clear of all debt and liabilities for $269,000. Included in the sale are furniture, fixtures and equipment, all food and beverage inventory, website, and other intangible assets. The owner spent over $295,000 on equipment & furniture. Additional build-out costs absorbed by the owner estimated at over $100,000. A more active owner or a change in concept, plus acquiring it under cost, could make this an excellent acquisition. Sales for 5 months thru May 2011 = $277,000 Sales for 2010 = $689,000
Click Here To Contact Seller

    

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