Sports Bar & Grill - Inside Loop 610
This is a great looking sports bar and grill in a super location inside Loop 610 near other entertainment venues. There is one large bar and dining area in one section of the building and another large bar in a separate area connected by a large outdoor patio area. The menu includes steaks, seafood, and sandwiches for lunch and dinner. They have a game room with vending games, pool table, darts, and foosball. Each night there is a different theme including karaoke, live music & poker night. There are 17 TV screens throughout the facility including one large wall screen perfect for watching your favorite ball games. The second bar makes for a great cigar bar as it opens to the large patio area. The facility has been recently remodeled and lots of new furniture. Great central meeting place for business and pleasure.
Background information
Reference:
82384
Year established:
2010 Present owner acquired in 2014.
Reason selling:
Absentee owner has several other bars and needs to reduce his holdings.
Finance
Sales:
$1,005,000
Profits:
$176,242
Profit type:
Discretionary Earnings
Operations
Employees:
15 + Manager
Equipment:
See list in file
Inventory:
$15,000 food & beverage
Premises
Facility:
This is a free standing building with two bar areas, large dining room & full kitchen. The property has 18,130 sq. ft. plus street parking.
Square footage:
4883
Rent and lease terms:
This is a free standing building. The rent is $10,000 per month with a 10 year lease.
Location:
Inside Loop 610 area - Washington Ave.
Price and terms
Price:
$450,000
Down payment:
$250,000
Financing:
Cash Down $250,000, Seller Note $200,000, 5 Yrs, @ 6% interest = $3,866.56 P/M.
Training:
As needed