Tenured management team. Turnkey opportunity!
This neighborhood bar offers a unique atmosphere reminiscent of your favorite neighborhood watering hole. With 18 TV screens, patrons can enjoy a wide range of sports, including UFC, soccer, MLB, NFL and NCAA games. Renowned for its enticing drink specials, this venue provides a diverse array of food options that appeal to patrons seeking delicious and affordable food options. Opening in April, 2023, this unique stand-alone concept generated revenues in excess of $2.3M for the first 8 months of operations (April – December, 2023) and is on pace to generate $3.6M+ top line revenue in 2024.
Notable Attributes:
– Exceeds industry benchmarks in regards to prime and occupancy cost ratios (60.79% and 4.26%, respectively).
– Opened permanent food truck on site (conveyed with sale) in April, 2024 – generating an additional $29k in revenue / month.
– $1M+ buildout, equipment and furniture package less than 24 months old.
– Existing, tenured management team ready for new leadership.
– Impressive social media following 6,500+ Instagram followers, 2k+ Facebook followers with strong, consistent online guest reviews across multiple platforms (Google, TripAdvisor, Yelp, etc.)
– Very favorable lease terms with 8 years remaining on existing lease with two tenant favorable 5 year renewal options. No escalations for 3+ years and only goes up $400 / month and stays flat for the last 5 years of term.
– 2,479 sq. ft. of indoor area (bar, deli, indoor seating) with adjacent beer garden and outdoor patio.
– Plenty of entertainment options with televised sports, jukebox, pool tables, beer garden and hourly specials on weekends to keep people entertained throughout the evening.
– Absentee owner, consistent revenue growth while maintaining industry leading margins.
– Owner available to assist with transition and training for new ownership group.
