Locals Favorite Sports Bar with Strong Year-Over-Year Growth
ASKING PRICE: $245,000
LOCATION: Basalt, Colorado
GROSS REVENUE: $846,275
CASH FLOW: $184,498
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 bars in town, with a rich history and loyal clientele! Pool tables, arcade games, big screen TV’s and kitchen with pizza oven. Sales in 2023 grew 60% over 2022 and are double 2021. If you are looking for a streamlined operation where you do not need to re-invent the wheel, and a business with strong local support, this could be the best deal you find. Potential buyers will be asked to complete buyer registration, sign a non-disclosure, interview with broker and provide evidence of the resources to complete a transaction of this size before additional confidential information will be provided.
LOCATION: Basalt, Colorado
FACILITIES:
3,335 sf of leased space (new lease with renewal options began January 1, 2024) 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. Assumable loan possible.
REASON FOR SELLING:
Retirement
LISTING ID: 201927
