Established Profitable Bar in Major College Town
Business Description
Profitable Main Street Bar
Well established and profitable bar without food. The business offers entertainment and a different function every day of the week and live music on the week-ends. This attractively designed bar is known as a nice casual place to hang out and relax while enjoying a drink or playing a game or listening to live music. A very unique service of the bar is the 42 different self pour taps of wine and domestic, imported and craft beers. There is also a liquor bar that is 40% of the total sales. Upon entering the business, the customer will show their license and credit card to establish a tab and then they are given a bracelet that allows them to dispense their choice of beer or wine and be charged by the ounce. The bar offers in-house games such as trivia, karaoke, open mic, cornhole and live music on the weekends. The community has accepted the business and all types of parties and events are hosted at the location. Being a college town, the college students as well as the local community make up the majority of customers, however, the faculty and college associations as well as the fraternity and sorority community use the business for events, meetings and entertaining guests and potential memberships. The business has also been used by the athletic department to entertain potential players and their families. The location is close to the football stadium and is a popular destination for fans on game day. This is a turnkey sale that includes all furniture, fixtures and equipment. The sale also includes the property which is located in the center of town and is a 180 year old building that housed a retail drug store for the majority of the years. The building was gutted completely and new plumbing and electrical was installed and the walls and ceiling were restored to expose the original brick. This is truly a historical building that is a cornerstone of the community. The property is included in the sale and along with the business should qualify for an SBA loan. Included along with the restoration of the building was the installation of automations and systems in place that allow an owner to be absentee and still manage the business. There are seven full time employees that have been with the business since the opening of business in March of 2023. A video of the business and property along with sales information are available to qualified buyers.
About the Business
- Years in Operation
- 2
- Number of Employees
- 7
- Facilities & Assets
- The assets of the business include all furniture fixtures and equipment and the 42 tap system for the self pour system. This is a turnkey sale with all assets in the building included in the sale. This will allow a new owner the ability to start earnings immediately after the transfer of ownership. The building was completely gutted and new electrical and plumbing was installed. The estimated value of the assets not including the property is $200,000. The inventory would be purchased separately and is valued around $15,000.
- Market Outlook / Competition
- The competition in the area is weak with several past popular bar having closed. There is not anyone in the area that offers the popular self pour system for customers.
- Opportunities for Growth
- The main area of growth would be the addition of food service. The business currently has QR codes throughout the building that allows the customer to order food to be delivered but the addition of especially in-house preparation of Pizza and other bar foods would add substantially to the profit of the business. The addition would also allow the business to open for lunch and to offer catering.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 7,000
About the Sale
- Seller Motivation
- To focus on other business interests
- Transition Support
- The Seller is willing to offer two weeks of in-house training and 30 days of consultation by phone, email or text. The Seller wants the business to continue to be a popular destination in the community and to continue to be successful and is open to the amount of training and support a new owner would require.
Listing Info
- ID
- 2389431
- Listing Views
- 276
Listing ID: 2389431 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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