January 11, 2019

Off the Market: Famous sports bar / grill for sale near Bourbon Street: $1,500,000

Asking Price:$1,500,000

Cash Flow:$510,817

Gross Revenue:$2,232,822

FF&E:$400,000

Established:2008

Business Description

This is a very popular, very successful, long standing sports bar & grill, few miles from Bourbon Street. This is the place to come to for food, fun and entertainment. Very well known in the area.
Yearly sales between $2 and $2.5 million per year
Yearly Profit: between $500,000 and $600,000 per year.
Monthly rent $14,500. Favorable & assignable long term lease.
Tons of parking. Separate smoking room attached.

Detailed Information

Inventory:
Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Large bar in great location. Tons of parking.
Competition:
Unique bar in that area.
Growth & Expansion:
Great potential for growth by just making small changes. Also can completely change the theme if you want to and bring extra revenue that way.
Support & Training:
Complimentary transitional training for 30 days.
Reason for Selling:
Owner has other businesses he has to cater to.