Restaurant, Bar, GameYard

Jeffersonville, IN
Overhead

Seller Financing Available

Asking Price:$599,000
Gross Revenue:$2,000,000
Rent:$12,000/Month
Established Year:2020
Cash Flow:$170,000
Inventory:$20,000
FF&E:$250,000
BUSINESS DESCRIPTION

Real Estate can be for sale

Union is a fun, unique, and interactive food and beverage concept that has a proven track record and strong ability to grow. Between opportunities to expand to new locations and ways to increase revenue, Union is tee'd up for the next ownership group to take it to the next level. In addition to being a popular spot among locals and tourist, Union also has the unique ability to partner with corporations/sporting teams/universities and much more due to its unique size and offerings. The Union footprint has 4 bars, 4 Cabanas (private TV's, firepits, movable enclosures, fans) 2 MEGA Cabanas, perfect for larger parties, private and corporate. A music/entertainment stage that overlooks the main GameYard and so much more. Indoor dining is broken into two main areas...a public dining hall, with inside games and private dining/rooms (The Edison House) The Historic Edison House features two private bars, ample seating and and amazing view from the private deck, that overlooks the GameYard and has visibility of the walking bridge next door that connects Jeffersonville to Louisville. Willing to look at owner financing options, but please do not ask for 100%. We have recently moved to a countertop service which has produced results desired and will help facilitate future NOI growth.


ATTACHED DOCUMENTS
Union NDA (1).pdf.pdf Download

DETAILED INFORMATION
Location
Jeffersonville, IN
Inventory
Included in asking price
Real Estate
Leased
Building SF
8,000
Lease Expiration
31/12/2025
Employees
40
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Large FF&E offering. Full service kitchen and equipment. (4) bars on property including shipping container bar. Indoor/Outdoor seating for over 200. Private cabanas/mega cabana, interactive games, game container, etc.
Competition
The market for "eatertainment" is strong and growing. We were first to the market in 2020and have maintained our strength. Leveraged relationships with distributors and local sports teams/universities. Have a unique location at the foot of the bridge which brings significant traffic from tourism. We have the ability to appeal to late night crowds, private and corporate parties, families, and tourism.
Growth & Expansion
We have been approached by 2 regional markets asking for an expansion. There is smart growth options with this business plan/model. Incredible private party potential both indoor and outdoor. The Edison House is a two level Historic Home conversion that features lounge areas and two bars. Outdoor we have our "Mega Cabana" for larger outdoor parties. Full buy outs occur as well. Indiana has will also allow "Happy Hours" July 1, 2024 which was not legal before. We also close at 12 Friday/Saturday-revenue growth for later hours.
Financing
Open to some owner financing, please do not ask for 100%
Support & Training
Turn Key. Training TBA
Reason for Selling
New projects
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Bobby Bass
Bobby Bass