Full Service Restaurant & separate Sports Bar 2 Liquor License
Business Description
Very Strong Normalized SDE
Rare opportunity to acquire two established and complementary hospitality businesses on Alaska's Kenai Peninsula. This combined offering consists of an established full-service restaurant with substantial dining and banquet/event facilities, together with an adjacent popular sports bar featuring indoor and outdoor seating.
The businesses offer a long operating history, established customer recognition, strong normalized owner cash flow and extensive existing restaurant and bar infrastructure.
Investment Highlights
Offering Price: $1,150,000
Two established operating businesses
Full-service restaurant with large dining and banquet/event facilities
Popular sports bar operation with indoor and outdoor seating
Two liquor licenses, subject to transfer and applicable regulatory approval
Established commercial kitchens and bar facilities
Furniture, fixtures and operating equipment included, subject to final asset schedule
Long-established operating history and customer recognition
Approximately 11,300 SF of operating space
Ample associated customer parking
Anticipated gross lease at approximately $0.90/SF per month
Estimated occupancy cost approximately $10,170/month ($122,040/year)
Final lease rate and terms negotiable with the property owner
NO REAL ESTATE INCLUDED
Financial Performance
The combined businesses have demonstrated strong normalized owner cash flow and improving recent operating performance.
APPROXIMATELY 25% LEASE-ADJUSTED NORMALIZED
SDE-TO-PURCHASE-PRICE RETURN
This indication is based on historical normalized Seller's Discretionary Earnings after allowing approximately $122,000 annually for the anticipated gross lease. Actual results will vary based on final lease terms, operations, financing, taxes and buyer-specific expenses.
Detailed financial statements, normalized SDE calculations and supporting business information are available to qualified prospective purchasers subject to confidentiality requirements.
Lease Opportunity
Real estate is not included in the sale. The current property owner intends to establish a new commercial lease with the business purchaser for approximately 11,300 SF together with associated customer parking.
The seller has indicated an anticipated rental rate of approximately $0.90 per square foot per month, or approximately $10,170 monthly, with the expectation of a gross lease structure. Final rental rate, lease term, renewal options and other lease provisions are negotiable and will be established in connection with the business transaction.
Business & Asset Offering
The offering is intended to include the going-concern restaurant and sports-bar businesses together with customary operating assets, furniture, fixtures and equipment, transferable goodwill and two (2) reported liquor licenses, subject to final verification and regulatory approval.
Food and beverage inventory may be handled separately at verified cost at closing.
Suggested Buyer Profile
Experienced restaurant or bar operators
Regional hospitality companies
Multi-location restaurant operators
Owner-operators
Investors seeking an established Alaska hospitality platform
Buyers seeking significant existing infrastructure without the additional capital requirement of purchasing the underlying real estate
Confidential Offering
This is a confidential business offering. Business names, exact revenue, detailed financial statements and underlying SDE calculations are intentionally withheld from public advertising. Additional information is available to qualified prospective purchasers following appropriate confidentiality procedures.
Rare opportunity to acquire two established and complementary hospitality businesses on Alaska's Kenai Peninsula. This combined offering consists of an established full-service restaurant with substantial dining and banquet/event facilities, together with an adjacent popular sports bar featuring indoor and outdoor seating.
The businesses offer a long operating history, established customer recognition, strong normalized owner cash flow and extensive existing restaurant and bar infrastructure.
Investment Highlights
Offering Price: $1,150,000
Two established operating businesses
Full-service restaurant with large dining and banquet/event facilities
Popular sports bar operation with indoor and outdoor seating
Two liquor licenses, subject to transfer and applicable regulatory approval
Established commercial kitchens and bar facilities
Furniture, fixtures and operating equipment included, subject to final asset schedule
Long-established operating history and customer recognition
Approximately 11,300 SF of operating space
Ample associated customer parking
Anticipated gross lease at approximately $0.90/SF per month
Estimated occupancy cost approximately $10,170/month ($122,040/year)
Final lease rate and terms negotiable with the property owner
NO REAL ESTATE INCLUDED
Financial Performance
The combined businesses have demonstrated strong normalized owner cash flow and improving recent operating performance.
APPROXIMATELY 25% LEASE-ADJUSTED NORMALIZED
SDE-TO-PURCHASE-PRICE RETURN
This indication is based on historical normalized Seller's Discretionary Earnings after allowing approximately $122,000 annually for the anticipated gross lease. Actual results will vary based on final lease terms, operations, financing, taxes and buyer-specific expenses.
Detailed financial statements, normalized SDE calculations and supporting business information are available to qualified prospective purchasers subject to confidentiality requirements.
Lease Opportunity
Real estate is not included in the sale. The current property owner intends to establish a new commercial lease with the business purchaser for approximately 11,300 SF together with associated customer parking.
The seller has indicated an anticipated rental rate of approximately $0.90 per square foot per month, or approximately $10,170 monthly, with the expectation of a gross lease structure. Final rental rate, lease term, renewal options and other lease provisions are negotiable and will be established in connection with the business transaction.
Business & Asset Offering
The offering is intended to include the going-concern restaurant and sports-bar businesses together with customary operating assets, furniture, fixtures and equipment, transferable goodwill and two (2) reported liquor licenses, subject to final verification and regulatory approval.
Food and beverage inventory may be handled separately at verified cost at closing.
Suggested Buyer Profile
Experienced restaurant or bar operators
Regional hospitality companies
Multi-location restaurant operators
Owner-operators
Investors seeking an established Alaska hospitality platform
Buyers seeking significant existing infrastructure without the additional capital requirement of purchasing the underlying real estate
Confidential Offering
This is a confidential business offering. Business names, exact revenue, detailed financial statements and underlying SDE calculations are intentionally withheld from public advertising. Additional information is available to qualified prospective purchasers following appropriate confidentiality procedures.
About the Business
- Years in Operation
- 55
- Employees
- 10 Full-time
- Facilities & Assets
- Highway frontage huge parking lot very visible building. Casual and fine dining restaurant and full bar 2 separate banquette rooms located in 7,400 sf section of building. Separate Sports bar with gaming room, entertainment stage, additional outdoor setting and has food service. located in 3.950sf
- Market Outlook / Competition
- It's the only restaurant with banquet facilities in that area of the Kenai Peninsula.
- Opportunities for Growth
- large population growth expected pursuant to expected Alaska LNG plant infrastructure planned in that area. Additionally with hands on owner/management reduction of costs and potential for large revenue growth could double returns.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 11,350
About the Sale
- Seller Motivation
- owners father started business 55 years ago and has passed daughter inherited
- Transition Support
- TBD most all employees staying on and with current absentee ownership training would be a minimum.
Listing Info
- ID
- 2547312
- Listing Views
- 23
Listing ID: 2547312 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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