Sports Bar for Sale in Delray Beach is Looking for New Owner

Contact Seller
He no longer has time to build and manage the sports bar to its full potential.
Asking Price:
$249,000

Gross Revenue:
$675,000
Cash Flow:
$114,485
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Sports Bar for sale in Palm Beach County is absentee run. Contact We Sell Restaurants today for prime opportunity offered due to a change in the owner's family situation. He no longer has time to build and manage the sports bar to its full potential.
The newly built out sports bar for sale is located on a very busy and popular road that runs East/West though Delray Beach. The Sports Bar for sale is in a shopping center that is home to other restaurants, retail, and service providers. The majority of the patrons of the Sports Bar for Sale travel from a radius of ten miles to visit the location.
Thirsty and hungry patrons come this sports bar for sale to watch the games on the 18 televisions, enjoy the live entertainment or DJ's that perform weekly, and experience the great and diverse food - more than your typical fare. The sports bar for sale by We Sell Restaurants has been open for just one year and the sales for 2019 are projected to be $675,000. An owner operator could expect to a profit of $113,971 in 2019. Due to the owner's other obligations they have choose not to open for lunch Monday through Thursday. A new owner could easily capture additional sales and profits by increasing the hours.
The sports bar for sale occupies 2,250 square feet of space inside and another 2,000 square feet of patio space and is licensed for 160 seats. The location qualifies for the 4COP SFS license, allowing for the sale of liquor, beer, and wine. Seller will allow use of current license for up to 90 days as you apply for your own license. Current configuration has seating for 72 guests inside. The patio is covered and can be expanded per the lease. The very low monthly rent is $4,873 and includes all CAMS and taxes. The lease expires on December 31, 2021 and has two five-year options attached.
The fully equipped commercial kitchen has everything need for this sports bar for sale and features a 15-foot exhaust hood. The kitchen equipment includes six-eye burned with stove, four-foot flat top, three fryers, double eye candy stock pot, ice machine, commercial refrigeration and much more. The front of house has 18 televisions, speaker system, keg box for draft beer, full bar with coolers and speed wells, high top and low top tables and much more. The patio is very large, has seating at bar, and seven televisions for patrons to view.
The food offerings at this sports bar for sale sets it apart from another sports bar. The bar offers burgers, wings, and other bar favorites, but also has a Cajun slant to the menu. Shrimp and crab boils are included on the menu as well as gumbo and po'boys. The food quality gets rave reviews and all recipes will transfer with sale.

About the Business

Location:
Delray Beach, Florida
Year Established:
2018
Number of Employees:
15
Real Estate:
Leased
Building Sq. Ft.:
2,250
Rent:
$4,882.50 Per Month
Lease Expiration:
12/31/2021
Facilities:
Inside 18 Televisions 33 Bar Stools Booth Seating 5 High Tops Host Stand 24 Chairs 11 Tables Speakers Mug Chiller 2 Small Glass Door Cooler POS System 2 Ice Well Keg Box - 2h 8 tap 5 Trash Can 2 Tray Jacks 3 Door Cooler Standup 2 2 Door Freezer Standup Prep Table Double Eye Candy Stack Pot Six Eye Burner with Stove 4 Ft Flat Top 3 Fryer Shelving Speed Racer Microwave Pizza Cooler - 2 Door 4 Drawer Refrigerator Prep Table Assorted Pot Pans Utensils Small Ware Ice Machine Outside 16 Chairs 6 Sofas 23 Bar Stools 5 High Top Tables 2 Tables
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
Excellently positioned close to highway and residential communities on a highly commercial road This will bring in lunch and dinner business No other sports bar in the near vicinity
Growth & Expansion:
The business is currently absentee run due to family circumstance An owner operator could add much to the operation in terms of advertising marketing service and cost controls
Contact the Seller

About the Sale

Reason For Selling:
Other
Training/Support:
Owner will train for two weeks at no additional cost
Seller Financing:
50%

Listing Info

ID:
1584955
Ad Detail Views:
0

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Business Listed by

Ken Eisenband

We Sell Restaurants
License# BK3249847

 Show Phone Number

View My 34 Active Listings
Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152

U.S. Census Data for Palm Beach County, FL
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Palm Beach County, FL
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Source: American Community Survey (2010-2014), United States Census Bureau.

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