Mar 3, 2020 — Two businesses in one in this high traffic area. Premier market leading university sports bar and grill, nightclub, dance club, and restaurant across the street from a +30,000 student university. “The place to be" around this major university.
Owner manages pseudo-absentee with excellent management in place. Two facilities with 6,000 SF under roof and two facilities with 8,000 SF patio in between with two DJ areas, huge enclosed patio dance area outdoors. This sky-high Facebook rated college sports bar, night club has 32 TV’s, three bars under one roof, two patios with one open and one enclosed.
Great food, 40 cameras and security system, grossing $778,211 with Seller discretionary cash flow of $116,904 and priced to sell at only $233,808 with potential return of money invested in one and one-half years. Seller notes facility is in mint condition. Just invested $20,000 in new flooring and the new owner is expected not needing to invest anything in the facility coming in.
Well done, fully functional, beautiful, strong cash flow, and priced to sell with management and well-trained staff in place. Check this one out.