Uniquely Designed Sports Bar; $3 Million Sales

Business Overview:

Uniquely Designed Sports Bar; $3 Million+ Sales;  $150,000 Profit; 25+ Year Lease

RRC#  4894

Location: Central Coast 

Description:

This uniquely designed sports bar is located in a popular coastal city and is handsomely designed and there is over $1 million invested in this facility.  The seller wants to sell as he is involved in other projects and can't spend the time necessary to maximize this opportunity.  There are two dining rooms, an outdoor seating area, a bar and cocktail lounge, full kitchen, prep kitchen and the facility can hold up to 400 people for special events.  In the dining rooms there is a combination of banquette seating, booth seating and table and chairs and in the cocktail lounge there is a combination of bar height tables and bar stools and tables and chairs.   There are attractive hanging light fixtures, high ceilings and finished concrete floors throughout.  Additionally there is an office area, storage area and ADA restrooms.  Some of the equipment includes as follows:  11' and 6' type 1 hoods with fire suppression systems, 6 burners over oven, 6 burners, 3' char grill, 3' flat grill + convection oven, 2 double basket fryers, full deck pizza oven, 5 ice wells, 3 - 3 compartment sinks,  14 taps, 3 -2 door under counter refrigerators (1 with sandwich station),. 3 -3 door under counter refrigerators  (1 with sandwich station), 3 glass door under counter refrigerator,  2 -2 compartment sinks, 2 utility sinks, POS system, 2 -3 door under counter refrigerators + sandwich stations, slicer, 4 - half door refrigerator, ice machine, counter mixer, microwave, 2 walk-in refrigerators, walk-in freezer, 2 hand sinks, dish washing sink + rinse hose, 2 food warmers and mop sink, etc.   This operation is one of the few in the area that can serve alcohol to 2a daily.  The lease has 5 - 5 year options and each period is adjusted annually by the CPI with a minimum of  one percent (1%) a year and a maximum of four percent (4%) per year so you can project your rent for the next 25 years and the lease is assignable. Past sales and profits are as follows:  2022 - $3.4 Million Sales, $475,258 Profit;  2023 - $3.3 Million Sales, $499,827 Profit.  Sales and profits are down in 2024 due a slower economy, less tourism in the area and the uncertainty of the Presidential election.  Consequently there is a large upside for increased sales and profits for an experienced hands on owner operator.

Financial Information:

Monthly Revenue: $250,000 

Monthly Cash Flow: $12,500 

Annual Revenue: $3,000,000 

Annual Cash Flow: $150,000 

General Info:

Ownership: LLC  

Established: Contact For Info

Employees: Contact For Info 

Reason For Sale: Other Interests

Monthly Rent: $17,292 all inclusive

Expiration: 1 year  plus 5 - Five Year Options 

Facilities:

Square Feet: 8,000 

Seating: 300- 400 

Parking:  Street and public parking lots

Licenses: Business, ABC Type 47 License (hard liquor) 

Days/Hours of Operation:  7 days: 10a/11:30a -1a: -Lunch and Dinner; SA, S Brunch and Dinner

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Property Features and Assets:

Facilities:

Square Feet: 8,000 

Seating: 300- 400 

Parking:  Street and public parking lots

Licenses: Business, ABC Type 47 License (hard liquor) 

Days/Hours of Operation:  7 days: 10a/11:30a -1a: -Lunch and Dinner; SA, S Brunch and Dinner

Market Competition and Expansion:

General Info:

Ownership: LLC  

Established: Contact For Info

Employees: Contact For Info 

Reason For Sale: Other Interests

Monthly Rent: $17,292 all inclusive

Expiration: 1 year  plus 5 - Five Year Options

Additional Details:

Documents:

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