Profitable Restaurant/Bar With Extremely Rare RE

Business Overview:

Don’t miss out on this rare opportunity to own a thriving restaurant and bar in a highly coveted location, which offers a revolving door of customers and heavy foot traffic! This restaurant has an excellent reputation, strong customer base, and great numbers, making it a perfect acquisition. This restaurant and bar is the ultimate spot for both locals and visitors. It is styled as a classic Sports Bar, offering pub style food, over 200 craft beers, and an unparalleled location and atmosphere. It is perfectly outfitted for games and events with dynamic indoor/outdoor entertaining space including multiple patios and decks. The venue offers live music, private parties, and gatherings, and it is notorious in the area for hosting popular events for a variety of occasions. 

This restaurant doesn’t see a dull moment, seamlessly transitioning from daytime sports pub to a popular nighttime club/bar. To top it off, this restaurant is located in a highly sought-after area, which positioned itself at the center of an extremely lively and active community. The real property, which is considered a “Trophy Property”, is required to be purchased with the business.

To top it off, this restaurant is located in a highly sought-after area, which positioned itself at the center of an extremely lively and active community. This restaurant doesn’t see a dull moment, seamlessly transitioning from daytime sports pub to a popular nighttime club/bar. This restaurant could be a fit for a variety of buyers. Strategic with economies of scale, talented operator, or driven restaurateur are all great candidates! Inquire today!

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Property Features and Assets:

The real property is considered a “Trophy Property” and is available for purchase at $2,875,000, based on a current appraisal value. The facility comes with all furniture and fixtures. All equipment and supplies are top quality. Furniture, fixtures, equipment and vehicles used in business activities are included in the offering. A detailed list of FF&E and vehicles is in process and will be provided upon request. The estimated value of the FF&E is $200,000.00.

Market Competition and Expansion:

After the pandemic, the restaurant industry faced profound changes which lead to a shift to takeout and delivery, and the acceleration of technology adoption. This restaurant has been able to stay ahead of the labor shortages and supply chain disruptions by embracing strong relationships with both employees and the community. The restaurant maintains a robust and loyal customer base, which allows it to stand out from its competition. 

There is potential for growth through the development of additional special events and off-site catering services. The established local reputation adds credibility to its capacity to expand into new locations, as well as partner with other local businesses. The introduction of new ownership, possibly through a strategic purchaser, could bring fresh perspectives and operational efficiencies. The acquisition of this restaurant also allows for flexibility to modify or broaden the current menu, aiming to attract either repeat or new customers.

Business Financials Notes:

The highly sought after real property was recently appraised for $2,875,000.00, and MUST be purchased along with the Business.

Estimated Cash Flow of $632,570 is based on the 2023 Sellers Discretionary Earnings (SDE).

The “Cash Flow” includes $139,273.00, which has been added back to the Cash Flow to adjust for the rent expense that the current owners paid themselves for 2023 in anticipation of the buyers purchase of both the business and real estate.

Reason for Selling:

Semi Retirement

Additional Details:

Documents:

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