Sports Bar
Location: United States -> Massachusetts
Industry: Bars and Nightclubs > Bars and Pubs
Businesses for sale Summary
Neighborhood bar including real estate with an off-street parking lot. The single story building is a just under 2,300 SF and located on a 10,116 SF land lot. Long established, but currently run absentee. Strong opportunity for growth with hands-on buyer. Net commission from lottery was $29,000 in 2007, but was much higher when owner was hands-on. Entertainment license is currently for 98, but there is additional space within the building that could be opened up and finished to enlarge the club for additional capacity. This business will be sold with the real property.
Financials
Asking Price Range: $250K – $500K
Gross Revenues: $182,000
Cash Flow: $114,000
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: No
About The Business
Year Established: 1970
Number of Employees: 1 – 3
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Management Training and Support: Seller agrees to aid in a smooth transition.
Reason For Selling: Other business interests
