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Profitable Sports Bar & Restaurant With Real Estate
Location Massachusetts,United States
Asking Price Range $250K - $500K
Gross Revenues $702000
Net Profit / Cash Flow $175000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2006
Number of Employees 20 - 34
Inventory 160000
Relocatable No
Number of Employees 20 - 34
Real Estate Owned
Training Training will be provided.
Reason for Sale Family matters.
Description This is a great opportunity to pick up a profitable and growing business with valuable Real Estate at a very reasonable price. The Sports Bar & Restaurant is a huge attraction locally; games, live music and good food & drinks generate sales of $13,500 per week. The Real Estate generates rental income of $2,000 per month from the residential unit. It is currently run absentee and experienced operator could take this to the next level. Asking $260,000 for the Business or $1,250,000 for the business and Real Estate.
FACILITY: The space is approximately 3,200 square feet; the facility consists of a bar area with a long bar and a connected dining area. There is also a function room that contains state of the art sporting video games. The facility has over 100 seats and has a very functional layout. This building is ideal for a Sports Bar and or Restaurant concept.
CONDITION: The buildings and restaurant are in good condition and have been recently improved.
PARKING: Private lot with plenty of parking
EQUIPMENT: The equipment has been well maintained and is of good quality.
CONCEPT: Sports Bar & Restaurant for sale
SEATING: 100 plus seats (Sprinkler system has already been installed)
HOURS: 11:30AM -1:00AM
LICENSES: Full Liquor & Entertainment Licenses (Live Music, Gaming, Keno)
SALES: Approximately $13,500 per week or $702,000 per year
CASH FLOW: The adjusted cash flow is $140,000 per year
REAL ESTATE: Consists of two structures the Bar/Restaurant and a two unit residential rental house
RENTAL INCOME: Rental income from the residential unit is $2,000 per month
AKING PRICE: $260,000 for the Business or $1,250,000 for the Business & Real Estate
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