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Multi-Unit, Turn-Key Sports Bar & Restaurant

Listing #: Listing # BBF 4110-00108

Contact Us About This Listing:

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Asking Price:
$2,999,000
Down Payment:
$2,999,000
Financing Available:
Yes - SBA
Gross Income:
$5,902,824
Adjust Net:
$798,851
Category:
Restaurants Brew/Pub
County:
Seminole
State:
Florida

Description:

Multi-Unit, turn-key sports bar & restaurant with a strong reputation, loyal following, and great sales volume. Each location has all packages for all sports and an outstanding lineup of entertainment. The venues all feature 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 looking to retire. Very clean books with a strong owner's benefit; great 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 new owner replacing current area manager. *A Confidential Information Memorandum (CIM) is available after providing a signed Confidentiality Agreement and Personal Financial Statement.

Assets & Liabilities:

Accounts Receivable:
Inventory:
FF&E:
Leasehold:
$0
$60
$600,000
$500,000
Incl:
Incl:
Incl:
Incl:
N
Y
Y
Y
Real Estate:
Liabilities:
Other:
Total Assets:
$0
$0
N/A
$1,160,000
Incl:
Incl:
Incl:
Incl:
N
Y
Financial Information:
Year:
Type of Report:
Gross Income:
COGS:
Gross Profit:
Expenses:
Net:
Adbacks:
Owner Benefit:
2019 (N)
Owner to Prove
$5,902,824
$1,924,362
$3,978,462
$3,269,611
$708,851
$
$798,851

Lease Information:

Rent Price:
Building Type:
Square Footage:
$56,000
Multiple Bldgs
22458
Terms:

Additional Information:

FT Employees:
49
PT Employees:
54
Manager(s):
6
Year Established:
19
Years Owned:
19
Hours of Operation:
11:00am - 2:00am, Monday through Sunday
Experience/License Req'd:
Bar & Restaurant Mgmt Experience
Familiarization Period:
2 Weeks
Non-Compete:
Miles: 5 Years: 3
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Agreement and get started!

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Boss Group International, LLC is a Florida Licensed Real Estate Company

Information Disclaimer: Listing information has been provided to us by the business seller or their representative. However, no warranty, guarantee or claim is made by the Broker, Boss Group International, LLC or agents of Boss Group International, LLC regarding the correctness of any information presented. Individuals examining this material should conduct their own investigations, including referring the information forwarded to their Accountant and/or Attorney. Boss Group International, LLC has not verified the accuracy of the information, and assumes no responsibility for its accuracy or completeness.