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 land 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 and staff with limited owner involvement, 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 YOY. 2024 is on pace to reach $3MM in sales and a total adjusted net income of $500K.  This profitable business is only available due to the owner's wish to eventually retire.  The asking price for the business is $2MM.  The owner would also sell the associated RE for $6.5 M which incudes 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
$499,500
Value of Real Estate
$6,500,000
Gross Sales
$2,950,000
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

Get New Business Listings Delivered to Your Inbox