Business Summary:
Great opportunity to make significant gains with this American Sports Bar & Lounge offering great food and casual drinking atmosphere. The facility is like new and is very appealing looking and feel. Sales and profitability have been trending upwards while being run by an absentee. Sales are 55% alcohol to 45% food with an adjusted Cash Flow of $96,000 per year. A Chef or Owner Operator could continue to make positive movement if they were more involved in the daily operations.
FACILITY: The space is approximately 2,500 square feet; the facility has been beautifully built-out and consists of a very functional floor plan with a large open kitchen.
CONDITION: The building and restaurant are new and in Excellent condition.
PARKING: Plenty of Parking
EQUIPMENT: The equipment has been well maintained and is of good quality.
LEASE TERM: (9) year lease with two Five (5) options.
BASE RENT: $1,200 per month (well below market rate)
CONCEPT: American Sports Bar & Lounge
SEATING:75 seats (Outside seating option available)
HOURS: Noon – 1:00 AM
LICENSES: Full Liquor License, Full Entertainment License and Live music
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