Multiple Bar Concepts w Kitchen in Outstanding Location

General Business Information

Listing ID:

4110-00277

Listing Type:

Exclusive Right of Sale

Price:

$1,295,000

Down Payment:

$1,295,000

County:

Orange

State/Prov:

Florida

Country:

United States

Sales:

$2,127,230

SDE:

$0

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.

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
$2,046,290

$706,027

$1,340,263

$1,017,409

$322,854
$75,300

$24,980

$30,000

$25,000

$22,526
$500,660
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

Carey Sobel

Carey Sobel
General Business Information

Listing ID: 4110-00277

Listing Type: Exclusive Right of Sale

Price: $1,295,000

Down Payment: $1,295,000

County: Orange

State/Prov: Florida

Country: United States

Sales: $2,127,230

SDE: $0

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.

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: $2,046,290

– Costs of Goods Sold: $706,027

= Gross Profit: $1,340,263

– Total Expenses: $1,017,409

= Net Before Taxes: $322,854



ADD BACKS

+ Owner(s) Salary: $75,300

+ Benefits: $24,980

+ Interest Expense: $30,000

+ Depreciation: $25,000

+ Other : $22,526



TOTAL OWNER BENEFIT: $500,660

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