Restaurant, Bar and Event Center, This business was established in1983 and the current owners have operated business since 2003. The Restaurant and Bar area includes games, a large bar and a nice lounge/dining area. The Event Center has two separate rooms, one room seats up to 100 people and works great for corporate meetings, groom’s dinners and personal parties. The large room seats up to 450 people for Weddings, Holiday Parties, and Bands etc. The owners indicate that there is tremendous potential to increase sales and profits by maximizing the amount of days the Restaurant and Bar are open per week and more marketing the Event Space and Catering. Right now the Restaurant and Bar are only open one day a week due to owner’s health and age, the rest of the business is from the Event Space. The building has been completely remodeled including new Roof, 2 Boilers, A/C, Exhaust, Make-Up Air, Flooring throughout and all new equipment in the kitchen. There are approximately 10 events booked so far in 2013. This business is located about 11/2 hours northwest of the metro.
FACILITY: The Business operates in about 9,500 square feet with beautiful hardwood floors and vaulted ceilings in the Event Space with plenty of parking.
EMPLOYEES: 2 owner operators with 7 part time employees.
GROSS SALES/CASH FLOW: Gross sales for 2011 were $114,000 and 2010 were $129,000.
ASKING PRICE: The owner is asking $310,000 for the business’s assets, name and goodwill, which includes furniture, fixtures, equipment and inventory, valued approximately $185,000 and $240,000 for the Building and Property. This is a turnkey operation and an outstanding opportunity for someone who has hospitality / event experience. Seller is willing to provide some financing to a qualified Buyer.
REASON FOR SALE: Health/ Retirement.
Important Notice: The above information has been provided by the Seller. Neither
The 20/20 Group, Inc. (d.b.a. Opportunities In Business) nor its agents guarantee its accuracy or comprehensiveness. 7710, 7711 b.k.