Large Sports Bar for Sale in Prime Location
| Asking Price: | $199,999 |
| Rent: | $16,240 |
| Gross Revenue: | $1,554,035 |
Filament Business Advisors is happy to list this large, busy, fully operational and staffed sports bar for sale! The restaurant is part of a national franchise that comes with all the support, brand recognition and buying power that national scale offers. Complete with a fully stocked bar, massive draught beer selection, nationally tested menu, private lounge, seating for over 150, outdoor patio seating, a stage for live entertainment and ample parking, this venue has it all.
Located just off I95, near a military base, shopping and offices, this business has the ability to pull from multiple target markets for lunch, happy hour, dinner and late night revenues. The county’s population has grown over 20% in the last decade, more than double the rate of Virginia as a whole. The menu, consisting of fried and grilled appetizers, sandwiches, burgers, salads and pizza appeals to all ages. There is only one other restaurant within a mile of this location, and it is fast food with no bar. Approximately half of all sales are alcohol.
Ideal buyers don’t need to create a restaurant from scratch, but they could easily add to the top line by diversifying the marketing strategy to reach the various target markets, book the private room and increase live entertainment. Prices are currently below market and a savvy buyer could strategically raise them to increase profitability. An experienced operator might choose to cut some menu items to increase efficiency.
Unlike smaller restaurants that have to eke out increases around the margins, this business could double revenues without adding significantly to operational costs. Its loyal 30 employees and managers know the existing clientele and could easily take on more. The franchisor, which is not overbearing, has a variety of already tested menu items to implement, with supply chains already developed. For the operator looking to invest in a tried and true concept and apply proven business practices for growth and financial success, this is a great business to take on.
