Popular Restaurant / Sports Bar For Sale: $205,000
Listing ID: CGLA 001316
Very popular restaurant / sports bar tor sale for an awesome price: (FFE+ Inventory). Prime location. Absentee owner.
Turnkey, fully staffed fully operational popular local restaurant for sale. Makes between $875,000 – 1,100,000 consistently year after year. . No marketing – word of mouth alone.
Building also available for sale for an additional $850,000
Current Owner selling because he is moving out of state.
- Asking Priec: $205,000
- Revenue: $898,920
- EBITDA : $50,908
- FFE: $179,000
- Inventory: $26,000
- Real Estate: For Sale for $850,000
Business Overview
This is a highly successful Seafood Restaurant serving a combination of seafood and non-seafood dishes that are highly loved by the local community. The restaurant features proprietary spices and recipes that have been passed down through the owner’s family for several generations.
Detailed Information
- Inventory: $26,000. Included in asking price
- Furniture, Fixtures, & Equipment (FF&E): $179,000. Included in asking price
- Facilities:
- The square footage : 5317 sqft. Full bar, patio, private 40-seat banquet room, kids’ game room, and ample parking. Assets include proprietary recipes and spice lines, trademarked branding, a custom SEO-optimized website, established operating systems, and retail-ready products. The building also available for sale for an additional $850,000 (current market value).
- Competition:
- Proprietary spices and recipes make competition minimal. Customers love the food and are loyal, many coming from surrounding cities.
- Growth & Expansion:
- Easy to grow. The business does not do ANY marketing. All customers come by word of mouth alone, locally and from all the cities around. ANY marketing efforts will increase not only customers coming to eat in the restaurant but also the catering side of the business and the private events (events room on site) Detailed opportunities for growth available by request.
- Support & Training:
- The business operates with well established systems for staffing, training, and daily operations, supported by experienced on-site teams. The owner’s role is limited to high-level oversight, and the business is completely run by staff. The seller is available for 30 days after the sale for transitional support and training.
- Reason for Selling:
- Owner moving out of state
