Cleveland Bar and Property - Sand Volleyball, Massive Patio

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The Sand Bar - Pool, Volleyball, Band Stage, Dance Area, Darts
Asking Price:
$700,000

Gross Revenue:
$243,464
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$10,000
not included in asking price

FF&E:
$90,000
included in asking price

Real Estate:
 Not Disclosed
included in asking price

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Business Description

Gross Revenue of $ 243,464.30 from January 2018 - June 2018

Prime investment opportunity to purchase The Sand Bar and property. Sale
includes the property, business, licenses and equipment. This
destination restaurant/bar is currently income-producing and
completely renovated.
Features include a new enclosed outdoor recreation area featuring
new sand volleyball courts and expansive raised observation deck,
garage bar and patio, in addition to the interior 34’ long bar in the
main bar room and a secondary service bar in an offset lounge room.
A fully equipped 320sf commercial kitchen with all equipment, walk
in cooler, freezer and dry storage. Second story flex area well suited
for a large office or private party room to maximize the potential in
this destination entertainment spot. Keep it as it is or rename it and
make it your own.
Rented items that may transfer include pool table, jukebox and register system.

If you would like more information please contact me!

About the Business

Year Established:
2017
Number of Employees:
6
Real Estate:
Owned
Building Sq. Ft.:
5,459
Lease Rate/Sq. Ft./Yr.:
$11.00
Facilities:
Includes approx. 2000 SF interior guest area, with a total of 5459 SF (First and Second floor). Outdoor Garage bar is a full size bar with coolers, multi-flow system, and beer tap system. Indoor bar has a 34' bar with two large beer coolers and a 12 tap beer system.
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About the Sale

Reason For Selling:
Owner has other businesses that need attention.
Training/Support:
I will stay with the buyer for 30 days and show them how to run the bar as I have run it. I will also be available past that if they need any help.
Seller Financing:
We are asking $500,000 for the property, we would need 20% down.

Listing Info

ID:
1395405
Ad Detail Views:
789

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Business Listed by
Fayez Abboud

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U.S. Census Data for Cuyahoga County, OH
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Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Cuyahoga County, OH
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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