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- RE: Takeover Bar With Roof Top And Patio
- Contact: JT Tatem
Quick Facts
Asking Price: | $350,000 | |
Annual Revenue: | $790,175 | |
Net Profit: | Not Disclosed | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | $30,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2020 | |
Employees: | 5 | |
BBN Listing #: | 951749 | |
Broker Reference #: | 52661-460977 |
Business Overview:
Forget the startup costs- Takeover Bar with Roof Top and Patio
All of the work has been done for you! Downtown location. Beautiful renovation. Multiple stories. Large bar and social area. These improvements have been done to the tune of nearly $1M build out, and you get to take advantage of that. All of this can be yours for less than $600,000. You've got 2 options- 1- Keep the current franchise model and you're in for $350,000- Plus Franchise & Royalty Fees. 2-Bring your own concept and get $1M of assets and buildout for $550,000. You've got freedom to choose, and the ability to launch & build your own thriving restaurant/bar in the fastest growing part of the state. Greenville is THE Place to be in business.
The staff is in place. The customers are already coming. All this place needs is an owner actively involved in the day to day operations, promoting in the community, and connecting to the customers to build on the nearly $800,000 in revenue.
The sales are derived from beverage sales, and event sales. With nearly 7,700 Square Feet, private parties, and events is the biggest untapped opportunity of the operation.
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Property Features and Assets:
Monthly Rent: $16,990.00
Square Units (Foot, Meter): 7,700
Lease Expiration Date: July 13, 2029, 9:00:00 PM
Terms Options: NNN
Facilities:NNN Lease. 3 Story facility with indoor and outdoor space in a new building, local parking, other restaurants to draw traffic, nestled in the booming West End of Greenville, steps from the stadium, and just a few blocks from 3 large apartment complexes, townhomes, and neighborhoods.
FF&E Overview:Over 36 Tap Pour system. Seating areas with tables, chairs, benches, decor, lighting, checkin-counter, Seating 150+-, high tops, low tops, gameboards- tabletop shuffleboard, hoops, cornhole, Multiple TV's.
FF&E General Condition: Excellent. Less than 4 years in service.
Market Competition and Expansion:
Competition: Outside of self-pour the business separates itself with the customer experience, partnering with local businesses and organizations locally to host events and enjoy the high touch customer service. The event space rental business opportunity is a huge potential growth area.
Expansion: There is incredible growth potential with a local owner driving events and community relationships. Add to this the continued growth of the Downtown/Westend of
Greenville and the stars align for a great future.
Reason for Selling:
Many other businesses to runAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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