Multi-location Bar & Entertainment Company
| Gross Revenue: | $9,315,000 |
| EBITDA: | $2,152,000 |
Description:
The Company is a multi-location, Latin-inspired bar and entertainment concept. The Company is located in popular malls, ensuring high traffic every day of the year. The Company also operates four bars on tour boats through management contracts.
Key Aspects:
• Revenue and adjusted EBITDA have grown at compound annual growth rates (CAGRs) of 39.0% and 12.5%, respectively, from 2021 through 2023
• Average adjusted EBITDA margin of 28.9% from 2021 through 2023
• Located in high-foot-traffic areas, ensuring a consistent flow of potential customers year round
• Carefully cultivated brand with a signature, fun atmosphere throughout its locations
Opportunities:
• Capitalize on the Company’s brand by scaling the operation through geographic expansion
• Coastal Latin markets have been identified for expansion
• Fill the void of retail in regional malls with additional food, beverage, and entertainment venues, using the Company's proven business model
Headquartered:
• Southeast US
Current Markets:
• The Company serves consumers in the areas around its operating facilities.
Real Estate:
• The Company operates three bars, all of which are leased from unrelated third parties. The Company also operates bars on four tour boats that are owned by an unrelated third party. The Company owns a 3,500 sq. ft. facility that includes office and storage space.
Shareholder Ownership:
• The Company is owned by five shareholders. Two of the shareholders are active in the operations of the Company and are willing to remain with the Company following a sale to ensure a smooth transition to new ownership.
