Sports Bar/Restaurant - Further reduced!
| Asking Price: | $399,000 | Inventory: | $7,500 ** |
| Gross Revenue: | $1,700,000 (comments below) | Real Estate: | n/a |
| Cash Flow: | $155,000 (comments below) | FF&E: | $455,000 ++ |
| ++ included in the asking price ** not included in the asking price |
| Gross Revenue Comments: less about $50K in promotions |
| Cash Flow Comments: for owner-operator |
This is a beautiful sports/bar restaurant in the Fredericksburg area. Almost brand new, owners have well over $1 Million invested, and are willing to let it go for a fraction thereof. Grossed $1.7 Million in 2008. Great location in rapidly growing area, has excellent lease. Seats approx. 230 people. Needs a hands-on owner/operator. Name does not transfer. Inventory at cost is additional.
About the Business
Year Established:2007
Employees:5 full time - 25 part time
Facilities:6,000 SF space in a thriving, growing area of the state. New construction going up currently that will add considerably to the current customerf base.
Market Outlook and Competition:There is no direct competition, but other businesses/restaurants that draw to the area.
About the Sale
Reason For Selling:This is one of 25operations, but is lovated outside their service area and has proven to be hard to manage fro ma distance.
Seller Financing:MAY be available for a qualified purchaser with a substantial down payment.
KEYWORDS: Restaurant, sports bar, bar, food, television.
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