College Town Bar for Sale - Cash Cow! Nets over $200,000 Annually

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Asking Price:
$339,000

Gross Revenue:
$432,881
Cash Flow:
$212,357
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

West Virginia University, Morgantown, #1 rated nightclub and bar for sale at less than 2X earnings. Annual cash flow exceeds $200,000. Grandfathered liquor license allows this bar to remain open until 3:30AM versus 1:30AM for bars with new license.
Don't Blink or you will miss the opportunity of a lifetime to own this successful, profitable, and long standing iconic nightclub and bar in Morgantown, West Virginia adjacent to The University of West Virginia. Amazing Rent with a long term lease, limited hours, and over two Hundred thousand dollars in annual cash flow are all great reasons why this profitable nightclub and bar for sale won't last on the market very long.
The club has two levels. Over 3700 square feet with seating for over 80....but standing and dancing room for a whole lot more! Both floors underwent a complete remodel and structural renovation in 2013 with state of the art intelligent lighting and sound systems. Open only four nights per week, total revenue, which includes bar service, door fees, and private parties exceeds $400,000 annually and due to minimal overhead, rent of only $3500 per month, and low cost of goods, annual cash flow is over $200,000. And this bar for sale offered by We Sell Restaurants comes well equipped...beer tub refrigeration coolers, LED bar tops, killer DJ sound system, point-of-sale systems and much more are included with the sale.
Morgantown is a great place to live. Sports, museums, rapid transit, theater, and rivers make Morgantown a wonderful place to call home. The city has shown consistent population growth and currently has approximately 30,000 full time residents making it one of the top 10 largest cities in West Virginia. Home to The University of West Virginia, there are over 28,000 part-time and full-time students enrolled. WVU was ranked #2 Party School in the 2017 Princeton best Colleges Review. Combine that ranking with owning this #1 rated nightclub and bar for sale and you have a recipe for success.
Don't miss out on this unique and lucrative opportunity. The current owner needs to relocate.

About the Business

Year Established:
2012
Number of Employees:
14-Dec
Real Estate:
Leased
Building Sq. Ft.:
3,700
Lease Rate/Sq. Ft./Mo.:
$3,500.00
Lease Expiration:
1/30/2026
Facilities:
Assets and Inventory - 8 Beer tub refrigeration coolers 6k - Liquor and Beer- 15k - Custom mats 500 - New bathroom sinks downstairs 3k - LED Pole 2k - LED Bar Tops -15k - 4 Stand alone refrigerators 1k - 3 Computer monitors and towers 1k - Glassware 1k - Crowd control ropes 1k - Intelligent lighting systems up and downstairs run by a computer on each floor for each DJ - 55k - Low light soft light spot lighting 5k - Brand new sound system on both floors speakers amps - 10k - Self powered sub -1k - Custom construct wall downstairs with lighting 15k - DJ Booth Downstairs 5k - Custom Outdoor Graphic Photo wall with logo -1k - 4 POS systems with drawer and cc swipe- 25k - 16 Camera Online Security System With DVR -3k - Brand new signs on High St and main entry - 15k - Awning with sound and lighting - 15k - State of the art light ceiling tile - 25k - New Ice Machine - 3k - 3 ceiling fans 1k - Custom cut metal W signs- 3k - Interlam 3d Wall with LED lighting and controls 15k - 3 Interlam bar display panels with lighting and controllers- 7k - 6 Flat Screens - 3k - 2 new HVAC systems for each floor - 26k - LED Tables 20k - Bar Stools 5k - Modern Line Furniture Couches- 20k - Modern Line Booths 6k - Office Equipment Futon 2 Filing Cabinets Art Work cash counter safe desk and chair printer phones - 3k - Cleaning Equipment mops buckets cleaning supplies 1k - Designer Wall Tile 25K - 8 Radios Headsets 600 - 7 Speed Rails 700 - 8 Comfort Foot Mats 700 - Bottle pourers shakers strainers chillers caddies trays 300 - Upstairs Bathroom Vanities - 200 - Shot Skis 200 - Upstairs Chandelier 1k - Dishes 100 - Glasses Chiller Downstairs - 500 - Pepsi Products Juices 2K - Fire Extinguishers - 250 - Fireball Machine 800 - Shelving Behind Bars - 500 - 12 Slim Jim Trash Cans 950 - Cleaning Supplies - 1K 36
Website:
https://www.wesellrestaurants.com
Market Outlook/
Competition:
High Profit Margins College appeal
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About the Sale

Reason For Selling:
Relocation
Training/Support:
yes

Listing Info

ID:
1544112
Ad Detail Views:
443

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Business Listed by

Steve Weinbaum

We Sell Restaurants
License# GA SL 365512

 Show Phone Number

View My 39 Active Listings
Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152

U.S. Census Data for Monongalia County, WV
Age

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Ethnicity

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 Monongalia County, WV
Income

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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