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Business for Sale Summary

Sports Bar/Restaurant on a Lake - 29338

Business Type: retailing businesses,bar/tavern/night clubs,restaurant/ cafes
Sports Bar/Restaurant on a Lake
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Financial Information (non-confidential)

General Information
Asking Price $350,000 Down Payment $350,000
Gross Revenues $1,600,000 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View

Financing

$350,000 Down and Price and possible down payment negotiable

Business Description

Great sports bar/restaurant with a lot of potential for sale. This business has not been managed properly and all it will take to double or triple the gross and turn a great profit is a hands on owner to get it back to an elite status. The current owners will tell you this bar/restaurant has been mismanaged. In years past when it was being managed properly it was grossing over 4 million, poor food and service has been the main problem. The current owners have another business so they don't have the time to run this one. It comes with a beautiful outdoor deck with a bar, TV's and tables that can be used year round and sits right next to a lake. Seating for the business inside & out is around 400 with a nice mix of high top tables - booths - regular tables and bar seats. Patrons will not miss any of their favorite sporting events with over 100 TV's to choose from. The bar/restaurant also comes with lotto/keno and gambling/card games. The liquor license is a class C. The owner would like to sell the property with the business but might entertain another path if a deal can be worked out. The property is available through the owner and no commission will be paid to the broker. The owner will be happy to open the books, negotiate the price of the business & property and possible owner financing for the right buyer. Come take a look at this fantastic opportunity.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.