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Billiard Hall
Location Pennsylvania,United States
Asking Price Range $500K - $1.0M
Gross Revenues $311000
Net Profit / Cash Flow $150000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1985
Number of Employees 6 - 9
Inventory 250000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training 1 month.
Reason for Sale Retiring.
Description We are offering a well-kept, respected and established billiard hall, located in the heart of the Greater Philadelphia Area suburbs. This establishment has been a mainstay and landmark in the community and their family type like atmosphere has created a loyal customer base. The current owner works limited hours (appox. 25-35 per week). As an active owner you can easily replace one or two of the current part-time employees which will increase your bottom line. With over 15 tables, a retail section for billiard sales, various games for entertainment, and a food and beverage concession, this business offers a one of a kind opportunity. They currently participate in several organized league and local tour events, keeping the customer busy with the sport, which ultimately gained them their name recognition within the billiard fan community. The company enjoys a great lease which has an option period after Dec 2009 for an additional 5 year term. Business revenue is broken down as follows: Pool/Billiards 63%, Food & Beverage 14%, Retail Sales 10% and Video games of 13%. Business includes a 24/7 surveillance system. An owner operator who is young, ambitious and hard working could easily increase business performance and profits as the current operator has taken more of a laid back approach. An inexpensive form of recreation which hangs tough in good and bad economic times. Included in the sale price are hard assets with a market value of $250,000. Only financially qualified buyers will receive additional information.
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