Dynamic Restaurant, Bar & Nightlife Venue - Price Reduced #867

Saint Louis, MO
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Asking Price:$399,000
Gross Revenue:$1,074,453
FF&E:$73,250
Cash Flow:$173,683
Inventory:$10,000
BUSINESS DESCRIPTION

Price Reduced! This well-established business is a vibrant restaurant, bar, and nightlife venue known for its electric atmosphere and diverse events calendar. Hosting a variety of local entertainers, the venue attracts a wide range of clientele, making it a staple in its local entertainment district.
The business has been uniquely resilient through the pandemic and posted impressive financial growth, with a 71% increase in revenue in 2022 and another 12% rise in 2023.
Prospective buyers should note that while there are no outstanding debts or liabilities, securing a liquor license will be necessary. The current owner, seeking to step back for personal reasons, is committed to facilitating a smooth transition for the new owner by offering a month of consultation and ongoing support as needed.
*January-July 2024 P&L's Gross Rev $608,212 / Adjusted Earnings $82,828.


DETAILED INFORMATION
Location
Saint Louis, MO
Inventory
Not Included in asking price
Building SF
5,000
Employees
14
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Building Own 5,000 sq. ft. - Building Owned
Support & Training
Yes
Reason for Selling
Exploring other Endeavors
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Ben
Strake
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Ben Strake