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Newly Remodeled Sports Bar, Great Terms
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| Status: |
Sold |
| Listing ID#: |
662966 |
| Listing Type: |
For Sale - Business Only |
| Property Type: |
Bars & Taverns |
| Location: |
7 County Metro 55337 Minnesota |
| Asking Price: |
USD 400,000 |
| Down Payment: |
130000 |
| Gross Income: |
1050000 |
| Cash Flow: |
141000 |
| Furniture, Fixtures & Equipment: |
150000 |
| Inventory: |
15000 |
| Lease: |
8100 |
| Seller Financing Available: |
Yes |
| Financing: |
$130K down |
| Reason Selling: |
Developing family pizza concept |
| Year Established: |
2000 |
| Facilities: |
5,400 sq ft |
| Competition: |
Currently no other sports bars in the immediate area. |
| Market Outlook: |
Business has maintained market share in the market and sales are increasing. Business has been a mainstay since being created by the owners in 2000. Very good outlook for a new owner. |
| Growth & Expansion: |
Food sales at approx. 20% of sales. Continued growth of food sales has projected gross sales of $1,2000,000 in 2012. |
| Support/Training: |
30 days or as needed |
| Employees: |
4FT/15PT |
| License requirements: |
Food License: $800 Liquor: $7,750 Insurance $21,000 yearly |
| Submission Date: |
02-21-2012 |
| Last Update: |
04-24-2012 |
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| Agent Details: |
Jerry Vlaminck |
| Company Name: |
HSC Brokers |
| Phone Number: |
763-972-9077 |
| Fax: |
763-972-9080 |
| Mobile Phone: |
612-363-7456 |
Very well established sports bar concept in the sought after metro area, right off 35W. Sports bar and grill owners did a major remodel in 2011 with $100K of improvements. Also, a new menu was developed to capture greater food sales, with great burgers featured on the menu. Seating inside for 160 with room for 20-30 more on the patio. Business also, has a good gaming area with several different games and bean bags on the patio. Bumpers has always been a place to catch a good game and a cold one, now it’s also the best place to get a mouthwatering burger. |
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