Pool Hall & Beer Tavern
Location: United States -> California -> Southern California – Los Angeles Area -> San Fernando Valley
Industry: Bars and Nightclubs > Bars and Pubs
Businesses for sale Summary
This San Fernando Valley billiard parlor has been a local favorite for decades. The business has a number of classic Gold Crown 9-foot pool tables making it ideal for league play, tournaments or friends just looking to spend a few hours together. Unlike many other businesses, this one operates on high margins and low overhead, and has consistently generated healthy profits with solid financials. This is a simple operation which can be managed absentee and with minimal effort, and still produce a high profit.
Asking Price $225,000.
The business operates from a 4,000 square foot facility which leases for only $3,300 per month. The lease is valid through January 2015 with fixed rental schedule which caps at $3,700 in the final year. The sale includes all the assets of the business including 15 pool tables, balls, cue sticks, 5 televisions, refrigerators, beer tap system, walk in refrigeration, on sale beer license and over 20 years of goodwill.
Competition is considered low as only a few billiard parlors exist in the Valley. With it is central location, the business can cater to a wide customer base. Its ability to sell beer provides this business a significant long term advantage over other competitors.
This business has plenty of room to grow. Current owners have not capitalized on tournament and league play, as they currently do not offer it. Further, there are no loyalty program clubs, happy hour specials, as well as retail sales of pool cues and supplies in place.
Financials
Asking Price Range: < $250K
Gross Revenues: $209,354
Cash Flow: $102,776
Cash Flow Type: Sellers Discretionary Cash
Inventory: $51,000
Seller Financing: No
About The Business
Year Established: 1988
Number of Employees: 1 – 3
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: 2 weeks at 20 hours / week.
Reason For Selling: Personal.
