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General Business Information
Listing ID:
4110-00277
Listing Type:
Exclusive Right of Sale
Price:
$995,000
Down Payment:
$995,000
County:
Orange
State/Prov:
Florida
Country:
United States
Sales:
$1,941,949
SDE:
$415,768
Description of Business
Centrally located in a prominent metro area with tons of foot traffic, these well established operations boast multiple bar concepts with different environments. The location has plenty of TVs, a sizable kitchen with plenty of FF+E, and caters to both day and nighttime crowds. After almost 15 years in business, the venues have been updated and renovated over the years maintaining a positive reputation and look.
A 4 COP Liquor License valued at $850,000 is available but not included in the offering price. The long term lease paired with the strong staff and management in place should ensure continuity. Business sustained through COVID-19 with a strong recovery in 2021 and 2022 numbers are on
target to be slightly above 2021.
Listing Details
Location:
Stand alone building in a bustling area of Central Florida with tons of foot traffic.
Organization Type:
Sole Proprietorship
Hours of Operation:
11am (or 4pm) until 2am, 7 Days/week
Years Established:
2010
Years Owned:
12
Employees FT:
1
Employees PT:
17
Managers:
2
Amount of Hours Owner Works:
15
Is Relocatable:
No
Is Home Based:
No
Is a Franchise:
No
Is Lender Pre Qualified:
No
May Qualify for a Visa:
Yes
Financial Information
INCOME PERIOD, Year
GROSS SALES
– Costs of Goods Sold
= Gross Profit
– Total Expenses
= Net Before Taxes
ADD BACKS
+ Owner(s) Salary
+ Benefits
+ Interest Expense
+ Depreciation
+ Other
TOTAL OWNER BENEFIT
2022
$1,941,949
$662,794
$1,279,154
$1,041,191
$237,962
$75,300
$24,980
$30,000
$25,000
$22,526
$415,768
2021
$2,005,412
$732,858
$1,272,554
$834,820
$437,734
$75,300
$24,980
$24,888
$25,002
$22,526
$610,430
2019
$2,194,846
$744,797
$1,450,049
$1,236,077
$213,972
$75,300
$24,983
$27,073
$20,515
$22,526
$384,369
Assets Included in Sale
Liquor License:
$850,000 Not Included
Leasehold Improvements:
$350,000 Included
FF+E:
$200,000 Included
Inventory:
$12,500 Included
Total Assets Included:
$562,500
Lease Information
Monthly Rent:
$16,750
Expiration Date:
2025-10-31
Square Footage:
4000
Terms and Options:
Options available.
Building Type:
Stand Alone / DT
Summary
Reason for Sale:
Consolidation, Other Business Interest
Training and Support:
The seller will assist the new owner during a two week familiarization period at no cost.
Non Compete:
There are no non compete conditions with this acquisition.
Owner Qualifications:
Bar & Restaurant Management Experience
For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER
General Business Information
Listing ID: 4110-00277
Listing Type: Exclusive Right of Sale
Price: $995,000
Down Payment: $995,000
County: Orange
State/Prov: Florida
Country: United States
Sales: $1,941,949
SDE: $415,768
Description of Business
Centrally located in a prominent metro area with tons of foot traffic, these well established operations boast multiple bar concepts with different environments. The location has plenty of TVs, a sizable kitchen with plenty of FF+E, and caters to both day and nighttime crowds. After almost 15 years in business, the venues have been updated and renovated over the years maintaining a positive reputation and look.
A 4 COP Liquor License valued at $850,000 is available but not included in the offering price. The long term lease paired with the strong staff and management in place should ensure continuity. Business sustained through COVID-19 with a strong recovery in 2021 and 2022 numbers are on
target to be slightly above 2021.
Listing Details
Location: Stand alone building in a bustling area of Central Florida with tons of foot traffic.
Organization Type: Sole Proprietorship
Hours of Operation: 11am (or 4pm) until 2am, 7 Days/week
Years Established: 2010
Years Owned: 12
Employees FT: 1
Employees PT: 17
Managers: 2
Amount of Hours Owner Works: 15
Is Relocatable: No
Is Home Based: No
Is a Franchise: No
Is Lender Pre Qualified: No
May Qualify for a Visa: Yes
Financial Information
INCOME PERIOD, Year: 2022
GROSS SALES: $1,941,949
– Costs of Goods Sold: $662,794
= Gross Profit: $1,279,154
– Total Expenses: $1,041,191
= Net Before Taxes: $237,962
ADD BACKS
+ Owner(s) Salary: $75,300
+ Benefits: $24,980
+ Interest Expense: $30,000
+ Depreciation: $25,000
+ Other : $22,526
TOTAL OWNER BENEFIT: $415,768
INCOME PERIOD, Year: 2021
GROSS SALES: $2,005,412
– Costs of Goods Sold: $732,858
= Gross Profit: $1,272,554
– Total Expenses: $834,820
= Net Before Taxes: $437,734
ADD BACKS
+ Owner(s) Salary: $75,300
+ Benefits: $24,980
+ Interest Expense: $24,888
+ Depreciation: $25,002
+ Other : $22,526
TOTAL OWNER BENEFIT: $610,430
INCOME PERIOD, Year: 2019
GROSS SALES: $2,194,846
– Costs of Goods Sold: $744,797
= Gross Profit: $1,450,049
– Total Expenses: $1,236,077
= Net Before Taxes: $213,972
ADD BACKS
+ Owner(s) Salary: $75,300
+ Benefits: $24,983
+ Interest Expense: $27,073
+ Depreciation: $20,515
+ Other : $22,526
TOTAL OWNER BENEFIT: $384,369
Assets Included in Sale
Inventory: $12,500 Included
FF+E: $200,000 Included
Leasehold Improvements: $350,000 Included
Liquor License: $850,000 Not Included
Total Assets Included: $562,500
Lease Information
Monthly Rent: $16,750
Expiration Date: 2025-10-31
Square Footage: 4000
Terms and Options: Options available.
Building Type: Stand Alone / DT
Summary
Reason for Sale: Consolidation, Other Business Interest
Training and Support: The seller will assist the new owner during a two week familiarization period at no cost.
Non Compete: There are no non compete conditions with this acquisition.
Owner Qualifications: Bar & Restaurant Management Experience
LISTING BROKER