Price: $1,995,000
Location: Seminole County
Business Category: Restaurants
Business Subcategory: Brew/Pub
Listing ID: 4110-00108
Listing Status: New
Multi-Unit, turn-key sports bar & restaurant with a strong reputation, loyal following and impressive sales volume. Each location has all packages for all sports and an outstanding lineup of entertainment. Each venue features full liquor bars with great beer selections and a full service sports themed menu. All locations have strong leases with options, well-trained staff and management in place for continued success. Current owner has operated for almost 20 years and is ready to retire. Very clean books with a strong owner's benefit. Perfect for an Owner/Operator or an investor. Financials reflect one store closing mid-year 2019, and a new store opening mid-year 2019. 'Other' ($90k) reflects a new owner replacing the current area manager.
Down Payment: $199,500
Total Sales: $5,183,384
Discretionary Earnings: $382,000
Accounts Receivable: N/A
Accounts Receivable Included: No
FFE: $600,000
FFE Included: Yes
Inventory: $60,000
Inventory Included: Yes
Year Established: 2001
Days & Hours of Operation: 11:00am - 2:00am, Monday through Sunday
Owner Hours Per Week: 10
Employees: 103
Managers: 6
Absentee Owner: No
Lease Option: Options Available
Real Estate: N/A
Real Estate Included: No
Monthly Rent: $56,000
Type of Location: Multiple Bldgs
Square Footage: 22458
Franchise: No
Relocatable: No
Reason For Sale: Retirement + Health Issues
Training & Support: 2 Weeks Training
Owner Qualifications: Bar & Restaurant Mgmt Experience