Sports Bar/Restaurant - 11773 CL/DJ

Location
Industry
Category
Eating and Drinking Establishments
Price
$8,500,000 (Business & Real Estate)
Description

 Location, Location, Location! This rare opportunity to own an iconic restaurant/sports bar and additional property for immediate use or redevelopment in a desirable metro area. Walking distance to several attractions that host events year-round. An excellent team of full-time management (limited owner involvement) and staff is in place to run daily operations. The building is meticulously maintained and was recently remodeled to expand capacity. The annual revenues show consistent and measurable growth. 2024 revenues exceeded $2.9M and a total adjusted net income over $500K. This profitable business is only available due to owner's wish to eventually retire. The asking price for the business is $2M. The owner would also sell the associated RE for $6.5M which includes the restaurant building ($3.5M) and two other parcels ($3M) that are prime locations for redevelopment.

Listing ID
11773 CL/DJ
Value From Year
2024
Cash Flow
$503,027
Value of Real Estate
$6,500,000
Gross Sales
$2,903,826
Reason for Selling
Retirement
Value Of Real Estate Included
Yes
Value Of Equipment Included
No
Years Established
25
Full Time Employees
33
Part Time Employees
11

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