Neighborhood Pub With Real Estate Available

Business Overview:

TJ’s Pub is a family-owned neighborhood bar that was purchased by the Sellers in April 2011. This Pub has an old-school vibe that offers a cozy gathering spot for the locals to frequent. As one customer expressed in their online business review, “This is your own local Cheers, where everybody knows your name.” This classic neighborhood pub attracts a wide mix of blue-collar customers in the 35–60-year-old age group, who often reside within a 10-block radius.

The Pub sales are allocated: 25% - Pub-Grub; 50% - Domestic/craft beers, wine, & spirits; and 25% - pull tabs & other games of chance. Unlike most contemporary sports bars today, this Pub caters to a crowd still more interested in pool tables, darts, pinball machines and pull tabs, with a only a few TV’s sprinkled in for good measure. TJ’s Pub is all about hospitality, quality service, and fair pricing. The business is open M-F (10:00 am – 2:00 am), and Sat./Sun. (9:00 am – 2:00 am).

The business is located on the busy Pacific Avenue arterial in North Spanaway, just 1 mile away from the mega Sprinker Recreation Complex and the Lake Spanaway Golf Course. Pacific Avenue is the main thoroughfare connecting downtown Tacoma to South Pierce County, divided by Highway I-5. The business is on a high-profile corner lot facing Pacific Ave. with a traffic signal at the intersection of 168th Street S. that supports a designated left turn lane for easy egress/ingress. The 13,500-sf real estate parcel supports the building and 30 dedicated parking stalls with easy side street access. The current rent is approximately $60,000 p/yr. plus NNN charges. The real estate is owned by the Sellers. The real estate will be sold with the business on a bundled cost basis.

The Sellers are non-owner-operators who indirectly oversee operations and coordinate building/equipment maintenance, supply internal accounting, and provide some product ordering. The Pub also has a full-time manager who is paid approximately $20.00 p/hr., (4) bartenders/servers at $16.28 p/hr., and (3) cooks at $16.75 p/hr. The Seller expects all current Pub staff to continue with the business post-sale. The reason for the sale is retirement.

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Additional Details:

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