Locals Favorite Sports Bar with Soaring 2022 Revenue
ASKING PRICE: $ 175,000
LOCATION: Basalt, Colorado
GROSS REVENUE: $605,000
CASH FLOW: $108,000
EMPLOYEES: 5 PT
INVENTORY: $ 12,000 (Included in price: Yes)
YEAR ESTABLISHED: 1995
FFE: $50,000 (Included in price: Yes)
Opportunity to own one of the most well-known and longest running sports bars in town, with a rich history and loyal clientele! Pool tables, arcade games, big screen TV’s and kitchen with pizza oven. Prior to 2020, the business was operated by owners who covered bartending shifts as their primary source of income. The business received government support (PPP, EIDL) in 2020, before reinventing the business post-COVID, with more entertainment events and a more consistent following. Sales have skyrocketed to over $600,000. If you are looking for a streamlined operation where you do not need to re-invent the wheel and you have strong local support this could be the best deal you find. The company received a long-term government assistance loan which may be assumable for a qualifying buyer or the owner will pay-off the loan at closing.
LOCATION: Basalt, Colorado
FACILITIES:
3,335 sf of leased space with signage visible from busy Highway 82.
COMPETITION:
Location with little competition, other restaurants, have bar seating, but no other local sports bar with pool tables and pub menu.
POTENTIAL GROWTH:
Growth could come from expanding social media advertising, adding more live music events, being open for lunch and/or doing more outside catering.
SUPPORT & TRAINING:
Seller will provide effective training and knowledge transfer to the Buyer in all matters relating to Company operations.
FINANCING/TERMS:
The Seller will entertain offers of varying financial and legal structures.
REASON FOR SELLING:
Retirement
LISTING ID: 201927
