Tag Archives: Ballroom for sale

Sports Bar, Restaurant and Event Center.

Woman toasting

TYPE OF BUSINESS:   Sports Bar, Restaurant and Event Center, This business was established over 15 years ago and the current owners have operated the business since 2004. The Bar area includes Pool Tables, Darts, Foosball Table, Juke Box, Flat Screen TV’s, Pull Tabs, Outdoor Volleyball Courts with plenty of Sport Decor and Beer Signs. Restaurant serves Breakfast, Lunch and Dinner 7 days a week. The Event Space has two separate rooms, one room seats up to 50 people and works great for Corporate Meetings, Groom’s Dinners, Bridal Showers and Personal Parties. The large room seats up to 450 people for Weddings, Trade Shows, Corp. Holiday Parties and Bands etc. There is tremendous potential to increase sales and profits by maximizing the Event Space, Catering and Outdoor Space. 15++ events booked so far in 2013.This business is located about 1 1/2 hours north of the metro.

 

FACILITY: The Business operates in approximately 11,250 sq. ft. building with a new roof and fresh paint on the outside of building summer of 2012 with a large asphalt parking lot.

 

EMPLOYEES:  1 owner absent and 1 owner operator with 7 part time employees.

 

GROSS SALES/CASH FLOW: Gross sales for 2011 were $393,843 and 2010 were $438,000.

ASKING PRICE: The owner is asking $135,000 for the business, which includes furniture, fixtures, equipment and inventory, valued approximately $120,000 and $490,000 for the Building and Property. This is a turnkey operation and an outstanding opportunity for someone who has hospitality / event experience. SELLER WILLING TO OFFER CONTRACT FOR DEED TO A QUALIFIED BUYER.

 

REASON FOR SALE:  Retirement.

 

 

Important Notice: The above information has been provided by the Seller.  Neither

The 20/20 Group, Inc. (d.b.a. Opportunities In Business) nor its agents guarantee its accuracy or comprehensiveness. 7710, 7711  b.k.

 

Restaurant, Bar, Off-Sale and Ballroom Facility.

red_wine_salad

TYPE OF BUSINESS:   Very nice food and beverage business with 4 profit centers; restaurant, bar, off-sale and ballroom facility.  This business was established in 1955 and the current owners have operated business since 2005.  The business appears to enjoy a very loyal customer base. The bar area includes games and a nice lounge area.  The dining room has a full menu.  The ballroom has a separate bar, kitchen and stage.  The ballroom has a capacity of several hundred people.  The owners indicate that there is tremendous potential to increase sales and profits by maximizing the ballroom space, adding live entertainment and catering and being open on Sundays.  Hours are Monday – Friday 10:00 a.m. to 1:00a.m. and Saturday 9:00a.m. To 1:00a.m. This business is located about 1 hour west of the metro.

 

FACILITY: The Business operates in about 18,000 square feet of beautifully appointed space with plenty of parking.

 

EMPLOYEES:  2 owner operators with 1 full-time and 16 part time employees.

 

GROSS SALES/CASH FLOW: Gross sales for 2011 were $837,650, Gross sales in 2012 were $865,745. Cash Flow in 2012 is approx. $176,000

ASKING PRICE: The owner is asking $374,000 for the business, which includes  furniture, fixtures and equipment valued at about $100,000, off sale liquor Inventory of $39,000, food and liquor inventory in bar and restaurant of $15,000. The asking price on the Building and Property is $325,000. This is a turnkey operation and an outstanding opportunity for someone who has hospitality / event experience and wants to be their own boss. Seller is willing to provide some financing to a qualified Buyer.

 

REASON FOR SALE:  Pursue other interests.

 

 

Important Notice: The above information has been provided by the Seller.  Neither

The 20/20 Group, Inc. (d.b.a. Opportunities In Business) nor its agents guarantee its accuracy or comprehensiveness. 7699 b.k.