Ad ID: 1467703
Type: Established business
Category: Retail – Bars/Taverns
Category: Retail – Other Eating & Drinking Places
Included in the Asking Price:
Cash Flow: $244,498
This popular neighborhood sports bar has been serving the Reno/Sparks area for over a decade. It’s nicely furnished, with a full kitchen and well-trained, attentive staff serving up delicious burgers, sandwiches, and specialty foods. Excellent daily food specials, plus happy hour deals with the many popular beers on tap and lively spirits, attract a large after-work following. Fifteen video poker machines and a Texas Hold ’em table make for a highly profitable gaming component of the business. Bronze, Silver, and Gold perks cards offer gamers great promotions. Fifteen flat screen TV’s draw local sports fans for their favorite sporting events. Karaoke and music and special events add to the energy that this 24/7 sports bar thrives on. A private banquet room fits up to 50 people for parties, classes, meetings, or any other function. The business is surrounded by residential neighborhoods and commercial businesses, and more of both continue to flood the area as Northern Nevada undergoes unprecedented growth. This turnkey profitable sports bar is a great opportunity and is just waiting for someone to take it to the next level
Year Established: 2004
Facilities: The 4800 sq. ft. premises are strategically located in a large commercial center with frontage to a high-traffic street. There�s plenty of room for dining, dancing, and gaming, and a private party/events room that fits 50 people. The business is easily accessed and offers ample parking.
Competition: Recurring customers constitute 99% of the business; with so many residents moving to this area, the “regulars” base is booming. Gaming is very profitable here, constituting at least 50% of the profits. They have excellent happy hour deals, popular karaoke and dancing on weekends, and a great menu. There’s something here for everyone, at any time of day or night. This business has the 10-year track record and client following that makes it consistently successful.
Growth and Expansion: The business enjoys an excellent neighborhood following, as well as great customer reviews on social media. With over 100 new businesses moving into the immediate area, this is indeed the hub of the tremendous growth in Northern Nevada. The business catering end of this restaurant could be greatly expanded, as could a popular monthly events that haven’t recently been advertised.
About the Sale
Financing: $250K down; 6.0% interest; $6,106.13/mo incl. Princ & Int for 120 mo.s
Support/Training: Two weeks.
Reason Selling: Retirement