Business For Sale Listing 158282
Well Established 15 Slot Bar/Tavern East Side!
Status as of Jan-6-2009 at 05:59 PM: Active
Business Summary
Rare opportunity to own a very profitable well-established freestanding tavern with 15 slots! Arterial East side location is close to tons of commercial, residential, and a major freeway on/off ramp. Business has many regular customers and features themed nights for karaoke, pool, darts, and local bands! 22 pool teams/leagues play at the business and the pool tables bring in approximately 50-75 pool players and friends, per night, in addition to the "regulars", according to the Seller. Recent expansion has added plenty of extra space to the business for pool tables and darts. There is an unfinished kitchen & walk in cooler box. The kitchen is currently closed as the business does not serve food, due to the smoking ban. There is an unfinished studio room within the business as well! Cash sales avg. $14,000/mo (they don't accept credit cards at this time). The avg. weekly slot drop is $28,000/wk. with a net of approx. $5,000/wk to the Seller. Gaming company is ETT with escalating split values from 70/30 up to 90/10, and the POS system is linked to the machines for easy payouts. Leased equipment includes the ATM machine, snack machine, cigarette machine, dart machine, jukebox, shuffleboard, and one high-end pool table. Four other pool tables are owned. As per the Seller, there is a top-notch video camera system in place. Seller has records to prove sales and income. Don't let this one get away!!!
Facilities:
Leased Location is 5000 sq-ft with a total rent is 4800.00. Seller is not active in the business with 1 Full Time Employees & 4 Part Time Employees. Leasehold Improvements 200,000 , Fixtures and Equipment $100,000 & Inventory Included $500.
Categories
Industry
Location
Financials
| Sales: |
Between $500 Thousand And $1 Million ($428,000) |
| Profits: |
Between $100 Thousand and $500 Thousand ($105,150) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Asking Price: |
Between $100 Thousand and $500 Thousand ($350,000) |
