Bar, Club, Restaurant & Pool Hall
Location: United States -> West Virginia
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Businesses for sale Summary
Bar located on a main highway for sale. Needs new motivated management. Needs slots machines. The down stairs is a huge catering hall. Great bar business with pool tables. Has a good food business. Lots of catering done. Gets many walk-in clients. There are vending machines inside too. Has a full menu with steak and sea food. Adding a sports bar would bring in more revenue. 2 acres of land included in asking price.
Asking Price $1,100,000.
Revenues $240,000.
Cash Flow $160,000.
Lease Owns building
Reason for Selling Owns 2 other businesses
Number of Employees 3
Payroll $2,000
Licenses Liquor- Gambling- Food
Parking 60 plus
Hours Open 5 days
Building Size 4,000sf
Utilities $500
Equipment Full kitchen- Hood grill- Sandwich board
Inventory $4,000
$1,000 rent recieved from a rented storage unit. Has liscense for exotic dancing which brought in $60,000 a month. Dancing has been closed for four years. Property has been appraised at $1,500,000. Owner is willing to finance with 40% down. When dance club was open revenue was $720,000. Contact for more information on this Bar, Club, Restaurant & Pool Hall for sale.
Financials
Asking Price Range: $1.0M – $2.5M
Gross Revenues: $240,000
Cash Flow: $160,000
Cash Flow Type: EBITDA
Seller Financing: Yes
About The Business
Year Established: 1993
Number of Employees: 4 – 5
Relocatable: Not Disclosed
Franchise: Not Disclosed
Current Real Estate: Owned
Property: Property For Sale
