Business Summary:
This is a fun, independently owned entertainment and events business with a bar. This niche business offers an engaging entertainment activity that allows locals and visitors to connect and participate in an energizing, lively atmosphere. The business has fewer than a handful of direct competitors in Columbus. This bar and entertainment location offers personalized activities as part of a fun experience, making it a go-to destination for an afternoon or evening, engaging in music, food, drinks, and a unique form of entertainment.
Led by trained local performers and expert staff, this entertainment experience appeals to couples, groups, ladies’ night-out participants, corporate team-building events, fundraisers, and anyone interested in a fun time out. During the event, patrons can enjoy a full bar, including beer, wine, cocktails, non-alcoholic drinks, and snacks, with the bar representing 25% of the location’s overall revenue.The venue is located in a high-visibility neighborhood with excellent signage that draws lots of foot traffic from visitors to the art galleries, boutiques, bars, and restaurants that make up the neighborhood.
An overall increase in demand has led the owners to implement a dynamic pricing model for their busier periods. They offer a flat fee for booking space for events, with lower prices available for booking early. The price rises as an event sells out with demand-driven pricing.
The franchise offers support for marketing, advertising activities, and training in addition to the hands-on training the owner will provide.
The current owner was originally very hands-on with the operations but has been transitioning the business to two managers over the past year. There are operational processes in place with experienced managers and part-time staff who can be called upon to work as needed. Most of the staff are trained in all three operational areas to bartend or assist with the activities. The current owner plans to retire, spend more time with her aging parents, and travel with her family. This presents an ideal opportunity for someone with entrepreneurial experience or interest in taking on a going concern that can continue with minimal disruption.
This is an established business, not a new franchise or start-up. This business opportunity is located in a prime location of one of the most popular entertainment districts in Columbus, providing a going concern with growth potential and support.
NEXT STEPS: If you’re interested in this business, please fill out the contact form, and we will email you an NDA to e-sign. Please look for an email with the subject "Morgan & Westfield - Entertainment and Events Business with Bar”. You can access more information on this business after e-signing our NDA.
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