100% Absentee Owned Sports Bar/ Neighborhood Pub

This 100% absentee owned business is offering anyone the opportunity to step into a new entrepreneurial opportunity as it is currently priced to sell with a multiple of less than 3 due to the owner’s need to relocate closer to family! This lowered price offers new ownership the opportunity for a 225% return on investment in the first year! Not only is it priced for accessibility, the business has an excellent staff and chain of command established, a well-renowned local reputation, and a well-traveled and safe location that is large enough to cater to each of its loyal patrons! The 22 person staff consists of 3 full-time managers with the remaining 19 part-time associates controlling the day-to-day restaurant operations. Having been established since 2012, this local bar and grill has been a fan favorite for its diverse repeat client base and has even altered and expanded their menu to listen and better serve their patrons. Currently this business opens their doors to the public at 3PM allowing the happy hour crowd a place to unwind but the owner has noted that there is an opportunity for growth if the new owner extends these hours earlier in the day to allow for a lunch rush. Priced at $875,000, a 10% down payment of $87,500 returns $197,122 in the first year after debt payments! Excellent and expansive marketing in recent years has led to great success as most weekends are standing room only in their space of over 3,800 sq. ft. Fear not, this business comes with over $130,000 in assets so that the buyer can continue to handle this high volume of customers. This business has an excellent local reputation and is well known in the area as the place to go for specific pallet cravings.