Revamped, remodeled, renewed sales! This upscale bar and grille has a fresh look and feel that is bringing family and friends in from all places. In its first month in a new location, sales were in the staggering $100k range!
Per the owner, the location has 5300 total square feet. There is a 1500 square foot banquet area that is currently being rented regularly for a minimum of $500 for food cost and a $250 rental fee. This has been an excellent revenue addition to the business. The location can accommodate 165 people in the main area and upwards of 80 people in the banquet area.
The current owner is happy to continue on with this business, but does have other life and business goals thus has decided to test the market and see if there is an excited and motivated buyer who would be ready to step in and take over.
Historical data from their previous location indicated a seller benefit of approximately $125,000. Business reference guide advises a sale value of 4.5x seller discretionary earnings. Based on this value at a lesser location the business would potentially value at $562,500. With a new location, better accommodations, and higher sales, the owner is listing this business at $479,000. Contact us today for more details!
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