Smokers Welcome Sports Bar Kitchen With Unlimited Parking For Sale

Business description

A rare offering at a realistic price to buy one of Tampa Bay's most popular sports bars that welcomes smokers. The virtually unlimited parking along with the ease of adding capacity gives the next owner an existing cash cow with the added advantage of being able to add what you know will bring greater revenues and profits. With 3 years of month-to-month sales, 3 years of tax returns, familiarity with COG %'s, know food is less than 10% of sales in a smoking bar, the profits here are rock solid, steady. The liquor license alone has a $180,000 +/- resale value. If the new owner added an outside patio for the smokers an SRX license could be had and the 4COP sold. Also Food sales must then show 51%. Current owners don't have the energy level and promotional ambitions of you younger guys, so if you've been waiting on a real good money maker with upside, contact below,

Property information

Real Estate:

Lease

Lease terms:

Current lease expires in 6 months. New lease to be negotiated between buyer and landlord.

Leasehold rent:

$6,800 per annum

Location:

3900 Sq. Ft leased space in a Shopping center loaded with brand name traffic generating neighbor tenants surrounded by the perfect demographics for a full liquor smokers bar.

Other information

Support & training:

2 weeks uncompensated. Longer if required

Reasons for selling:

Age of non-working owner and health of operating partner whose wife also has health issues(MS)

Trading hours:

11AM-2/3AM

Financing available:

Currently 112,000 is owed on the liquor license @ 12%. Seller will assist with renegotiating

Furniture / Fixtures value:

$280,000 (included in the asking price)

Inventory / Stock value:

$1,518,000