Multiple Bar Concepts w Kitchen in Outstanding Location

Price: $1,295,000

Location: Stand alone building in a bustling area of Central Florida with tons of foot traffic.

Listing ID: 4110-00277

Listing Status: Reduced Price

Description

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

Down Payment: $1,295,000

Total Sales: $2,127,230

Discretionary Earnings: $614,054

FFE: $200,000

FFE Included: Yes

Inventory: $12,500

Inventory Included: Yes

Operation

Year Established: 2010

Year of last Acquisition: 2010

Days & Hours of Operation: 11am (or 4pm) until 2am, 7 Days/week

Owner Hours Per Week: 15

Lender Pre-Qualified: No

Employees: 18

Managers: 2

Absentee Owner: No

Lease Option: Options Available

Location

Monthly Rent: $16,750

Type of Location: Stand Alone / DT

Square Footage: 4000

Franchise: No

Relocatable: No

Summary

Reason For Sale:

Consolidation, Other Business Interest

Training & Support:

Two Weeks

Owner Qualifications:

Bar & Restaurant Management Experience

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER

Carey Sobel

Carey Sobel