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General Business Information
Listing ID:
4110-00277
Listing Type:
Exclusive Right of Sale
Price:
$1,300,000
Down Payment:
$143,000
County:
Orange
State/Prov:
Florida
Country:
United States
Sales:
$1,942,541
SDE:
$413,680
Description of Business
Discover an exceptional chance to acquire two interconnected bars in a prime metro location. These bars not only boast their own distinct identities and brands but also enjoy significant foot traffic throughout the day and night. Popular among both daytime professionals and nighttime revelers, this is a rare gem in the hospitality industry.
During the day, one of the bars serves as a sought-after power lunch spot for local professionals. As the sun sets, it effortlessly transforms into a vibrant sports bar, catering to the sports enthusiasts in the area. This seamless transition between concepts maximizes the revenue potential and keeps the customers coming back for more.
The two bars have their own separate kitchens and equipment, ensuring operational efficiency and flexibility. While currently sharing one kitchen and collaborating with a partnered food company, the buyer will have the freedom to choose between continuing with this arrangement or reviving the individual food operations with unique menus. The decision is yours to shape the culinary experience in line with your vision.
Featuring ample furniture, fixtures, and equipment (FF+E), including a modern POS system (POS One), large flatscreen TVs, bar refrigeration equipment, and smallwares, these bars are well-equipped to serve their discerning patrons.
Situated in a historic building in the heart of the city, a long-term lease should be available for the incoming buyer, ensuring stability and a prominent presence in this bustling location. Combined with the solid staff and management already in place, a seamless transition and continuity are guaranteed.
As a bonus, this opportunity comes with a highly valuable 4 COP Liquor License valued at $800,000, included in the offering price. Such a valuable asset ensures you can hit the ground running and take full advantage of the bars' revenue potential.
With last year's impressive bottom line of $413,000 and solid tax returns, this business presents a compelling investment opportunity. Moreover, the business is prequalified for SBA financing, providing additional support for potential buyers. Notably, these bars are exempt from the new proposition in downtown Orlando, which requires certain bars to allocate funds for additional security, further enhancing the profitability.
Take advantage of this exceptional opportunity today! Become the owner of two thriving bars, offering potential ROI in less than two years, all with a minimal down payment of approximately $130,000. Don't miss out on the chance to own a lucrative business asset with tremendous growth potential.
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:
Yes
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
$1,942,541
$690,985
$1,251,556
$968,978
$282,578
$75,300
$0
$12,013
$21,263
$22,526
$413,680
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:
$800,000 Included
Leasehold Improvements:
$350,000 Included
FF+E:
$200,000 Included
Inventory:
$12,500 Included
Total Assets Included:
$1,362,500
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
Financing Summary:
SBA Lender Pre Qualified Loan Term...................................10 Years Fully Amortized Rate ...................................P+2.75 % (10.75% present rate) Monthly Loan Payment ...................$17,560.42 Buyer Down Payment: $143,000 *Small Business Administration financing is subject to the qualification of individual Buyers. This business has not directly been reviewed by the SBA.
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: $1,300,000
Down Payment: $143,000
County: Orange
State/Prov: Florida
Country: United States
Sales: $1,942,541
SDE: $413,680
Description of Business
Discover an exceptional chance to acquire two interconnected bars in a prime metro location. These bars not only boast their own distinct identities and brands but also enjoy significant foot traffic throughout the day and night. Popular among both daytime professionals and nighttime revelers, this is a rare gem in the hospitality industry.
During the day, one of the bars serves as a sought-after power lunch spot for local professionals. As the sun sets, it effortlessly transforms into a vibrant sports bar, catering to the sports enthusiasts in the area. This seamless transition between concepts maximizes the revenue potential and keeps the customers coming back for more.
The two bars have their own separate kitchens and equipment, ensuring operational efficiency and flexibility. While currently sharing one kitchen and collaborating with a partnered food company, the buyer will have the freedom to choose between continuing with this arrangement or reviving the individual food operations with unique menus. The decision is yours to shape the culinary experience in line with your vision.
Featuring ample furniture, fixtures, and equipment (FF+E), including a modern POS system (POS One), large flatscreen TVs, bar refrigeration equipment, and smallwares, these bars are well-equipped to serve their discerning patrons.
Situated in a historic building in the heart of the city, a long-term lease should be available for the incoming buyer, ensuring stability and a prominent presence in this bustling location. Combined with the solid staff and management already in place, a seamless transition and continuity are guaranteed.
As a bonus, this opportunity comes with a highly valuable 4 COP Liquor License valued at $800,000, included in the offering price. Such a valuable asset ensures you can hit the ground running and take full advantage of the bars' revenue potential.
With last year's impressive bottom line of $413,000 and solid tax returns, this business presents a compelling investment opportunity. Moreover, the business is prequalified for SBA financing, providing additional support for potential buyers. Notably, these bars are exempt from the new proposition in downtown Orlando, which requires certain bars to allocate funds for additional security, further enhancing the profitability.
Take advantage of this exceptional opportunity today! Become the owner of two thriving bars, offering potential ROI in less than two years, all with a minimal down payment of approximately $130,000. Don't miss out on the chance to own a lucrative business asset with tremendous growth potential.
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: Yes
May Qualify for a Visa: Yes
Financial Information
INCOME PERIOD, Year: 2022
GROSS SALES: $1,942,541
– Costs of Goods Sold: $690,985
= Gross Profit: $1,251,556
– Total Expenses: $968,978
= Net Before Taxes: $282,578
ADD BACKS
+ Owner(s) Salary: $75,300
+ Benefits: $0
+ Interest Expense: $12,013
+ Depreciation: $21,263
+ Other : $22,526
TOTAL OWNER BENEFIT: $413,680
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: $800,000 Included
Total Assets Included: $1,362,500
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
Financing Summary: SBA Lender Pre Qualified Loan Term...................................10 Years Fully Amortized Rate ...................................P+2.75 % (10.75% present rate) Monthly Loan Payment ...................$17,560.42 Buyer Down Payment: $143,000 *Small Business Administration financing is subject to the qualification of individual Buyers. This business has not directly been reviewed by the SBA.
LISTING BROKER