Popular Destination Spot for Sports, Racing, Food, and Drinks

Asking Price$700,000

Cash Flow
$282,500

EBITDA$183,500

Gross Revenue$1,375,000

Inventory$75,000
Included in asking price
FF&ENot Disclosed

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Popular Destination Spot for Sports, Racing, Food, and Drinks


Asking Price$700,000

Cash Flow
$282,500

EBITDA$183,500

Gross Revenue$1,375,000

Inventory$75,000
Included in asking price
FF&ENot Disclosed

Business Description
Across the country, sports bars are the lifeblood of the community. This neighborhood sports bar has built a loyal following with 4.3 Stars on Google, over 592 reviews, and 4.6K followers on Facebook. The menu features local favorites: Beef Chislic, Bang Bang Shrimp, and Pork Belly Burnt Ends. With many more options of American fare, such as pizza, burgers, sandwiches, pasta, and salads.

The business enjoys a host of regulars and draws customers from Huset's Race Track, Hidden Valley Golf Course, and Brandon Golf Course. It is also "the" place to watch Sprint Car Racing! There's tremendous room for growth. People line up to play the lottery games. Adding more of these will allow for more walk-in traffic and keep more people in their seats. Offering private events is another area of growth opportunity. This bar and grill is a turnkey operation, perfect for an onsite owner, semi-absent, or an absentee owner with a general manager.

Approximately 65% of the annual sales are from food. Liquor, beer, lottery, and bar games account for the remaining revenue. The revenue has steadily increased coming out of Covid, with a 30% increase from 2020 ($1,071,535) to 2022 ($1,387,830).

The business employs a staff of 30, plus the owner. The bar and kitchen managers are key employees and will help support the new owner during the transition. The bar manager runs the front of the house and is well-known among repeat customers. The kitchen manager handles the day-to-day operations in the back of the house, including prepping, scheduling, and ordering. Currently, the owner handles the back office books, finances, lottery, and the ATM.
About the Business
Years in Operation
13
Number of Employees
30
Facilities & Assets
The bar and grill is located in a 4,770 sq. ft. building. This includes kitchen and bar equipment, lottery machines, ATM, and games. They are in the fifth year of a ten-year lease. FF&E and inventory is a combined $75K.
Market Outlook / Competition
There are not many similar establishments in the area.
Opportunities for Growth
Adding more lottery games to allow people to play concurrently and hosting private events are great ways to grow.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
4,770
Rent
$7,132.97 per month
Lease Expiration
10/2/2028
About the Sale
Seller Motivation
Wants to spend more time with their young family.
Transition Support
90 days of training, with up to a year by phone, text, and email.
Listing Info
ID
2169796
Listing Views
2747

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Business Listed by: Jamie Jacobsma Peterson Acquisition

Listing ID: 2169796 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.