Cue Note Billiard Room: Restaurant, Bar and Music Venue

Palm Coast, FL

Seller Financing Available

Bar Area
Asking Price:$2,750,000
FF&E:$957,609
Established Year:2015
Gross Revenue:$472,258
Real Estate:$2,580,000
BUSINESS DESCRIPTION

This is an upscale billiard room with full service restaurant and bar. The facility is comprised of seven condo units, five that contain the main billiard room, bar and lounge area. The adjoining two units are currently being built-out as a music venue. The kitchen is being expanded and a second bar added for this venue. The owner will negotiate the completion of this build-out for a buyer or allowing the buyer to alter the use of these two units. The decor is outstanding throughout the business. The billiard area has fourteen quality tables. The sale includes a 4COP liquor license which allows for liquor, wine and beer sales on and off premise. Plans have been approved to allow the creation of additional outside seating along the length of the front of the facility. The business is located within the Cypress Point Business Park off Cypress Point Parkway. This location is centrally located in Palm Coast and conveient to Palm Coast Parkway and Interstate 95.


DETAILED INFORMATION
Location
Palm Coast, FL
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The facility contains 7 condo units totaling 8,964 square feet. The current value of these units is $1,340,000. The build-out is estimated at $641,158 and $268,233 for furniture, fixture and equipment. The 4COP liquor license is valued from $650,000 to $700,000.
Competition
The Palm Coast community is an upscale business and retirement community located along the east coast of Florida between St. Augustine and Daytona. There are not any facilities that compare with the quality of this business in the area.
Growth & Expansion
Palm Coast is a growing market both for business and retirees. The facility is being expanded to include a music venue. The kitchen is being expanded for this purpose and an addition bar area is under construction. The county has approved a plan to allow the facility to expand outside seating along the entirety of the front of facility.
Financing
Possible owner financing may be consideres on a case-by-case basis.
Support & Training
Owner is willing to train new owner relating to the facility maintenance and staff training for a suitable period.
Reason for Selling
Owner has created a music venue in Florida. He plans to concentrate his future
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Tim
Overman
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Tim Overman