Successful Restaurant and Bar w/ Live Music
Profitable restaurant and bar that has received continued recognition and awards for their authentic southern cuisine and excellent musical performances. Located in a prime location near major attractions, this establishment sees a steady flow of customers year round. The venue has a beautiful indoor bar and added a patio with a second bar and outdoor stage in recent years resulting in a 49% sales growth. Both the outside and indoor bars are equipped with multiple TV's for customer's to watch their favorite game. The building includes additional space with tenants which serves as an additional income source for the owners. The owners recently renovated the space, adding a brand new 1,800 sf kitchen and four new customer restrooms. With a strong management group and experienced staff, this well-branded restaurant is a great opportunity!
Seller financing is available depending on buyer.
| PRICE: | $1,398,769 |
| REVENUE: | $1,866,672 |
| EBITDA: | $500,305 |
| LOCATION: | |
| INDUSTRY: | Restaurants |
| LISTING #: | 6720 |
| LISTED BY: | Michelle Seiler Tucker |
| REVENUE: | $1,866,672 |
| EBITDA: | $500,305 |
| SELLER FINANCING: | No |
| PRICE: | $1,398,769 |
| DOWN PAYMENT: | Undisclosed |
| LENDER PREQUALIFIED: |
| YEARS IN BUSINESS: | |
| INVENTORY: | $33,928 |
| ACCOUNTS RECEIVABLE: | |
| FF&E: | $177,915 |
| REAL ESTATE PRICE: | $2,900,000 |
| REAL ESTATE INCLUDED: | No |
| FACILITIES: | 8,270 sf building w/ 1,800 sf outdoor patio. 2 fully equipped bars and kitchen. |
| LEASE TERMS: | |
| IP: |
| REASON FOR SELLING: | The owners are pursuing other interests and opportunities. |
| TRAINING PERIOD: | |
| RELOCATABLE: | No |
| NO OF LOCATIONS: |
| EMPLOYEES: | |
| CONTRACT STAFF: | |
| MANAGEMENT TEAM: | |
| PARTNERS: |
The company boasts impressive online reviews compared to their main competitors and has established tremendous brand recognition. This generates new business and keeps loyal customers coming back.
Restaurant industry sales are projected to increase in 2020. While the pandemic has had an adverse effect on the restaurant industry as a whole, this venue has faired well and will continue to do so.
Seiler Tucker Incorporated is America's Premier Merger & Acquisition Advisor. We are the expert business authorities in buying, selling, fixing and growing companies. We close 99% of all offers. We have thousands of buyers! Michelle Seiler Tucker is the Founder and CEO. She has sold over 500 businesses to date and currently owns and operated several successful businesses. Michelle continues to help buyers from all walks of life buy the American Dream, create financial freedom, be their own boss, and obtain a better quality of life.