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Exceptionally High Performing Locals Bar and Grill

  • Listing# : 17207
  • Listed Price : $1,500,000
  • Total Sales : $1,609,056
  • SIC : 5813
  • Down Payment : $300,000
  • Status : Active
  • Discretionary Earnings : $365,951

Business Type :

Restaurants / Brew/Pub

Business Description :

Operating over 60 years this neatly located Bar and Grill has evolved to that special place that everyone knows. A menu with something for everyone from seafood to sandwiches to spectacular “to die for” wings. Inside, two bars complement the facilities with plenty of tables and booth seating. The space exceeds 5,000 square feet and includes a patio out back. All combined the business creates an atmosphere of fun for friends and families to gather for a great meal and relaxation. Couple that with an area inside devoted to entertainment featuring live banks, a fantastic DJ, and yes, even Karaoke. And further, 17 flat screens add to the excitement along with gaming machines and pool tables.

The business runs seven days a week with varying times beginning late morning and until at least 12 AM and later. Their ABC license extends until 2 AM. The operation is supported by 2 full time managers in addition to the owner and 12 full time employees. The managers and employees are long time committed individuals working diligently to ensure continued success day over day.

This opportunity has the added benefit of offering the property as part of the sale which will position the buyer and new owner security well into the future in terms of owning the established location. The financial performance of this business easily supports the costs associated with running the business and acquiring the business and property. In addition, the business, the property, and its operation has been pre-approved for lending providing the buyer meets the requisite requirements. The owner will provide ample transition and training to ensure the buyer is well positioned to take this opportunity well into the future.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $750,000
    • Incl : Yes
    • Inventory $31,707
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $64,700
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $846,407
    • Incl : Yes

Lender Prequalified: Yes

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