Busy Bar And Billiard Hall

Location: United States -> New Jersey
Industry: Bars and Nightclubs > Bars and Pubs

This 10 year old Company operates a billiard hall and a full service bar. The first floor of this location contains the bar, billiard tables, and a lounge area with a flat panel TV where customers gather to watch sporting events. The owner opened a safe spot on the second floor (away from the bar area) where minors can meet with their friends, play pool, and socialize. There is also a snack bar upstairs and another flat panel TV. The main source of income for this business comes from the alcohol sold at the full service bar.

This business has a prime location in a densely populated rapidly growing Monmouth County area and the possibility exists, with zoning approval, to upgrade it to include a restaurant. There is no competition for this type of setup for at least a 15 mile radius. The company has many repeat and loyal customers that have been frequenting this fun-filled, relaxing facility for many years. With its solid customer base and excellent reputation, a creative new owner can easily expand this business. Contact for more information on this Bar & Billiard Hall for sale.

Financials

Asking Price Range: $500K – $1.0M
Gross Revenues: $336,266
Cash Flow: $125,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $150,000
Seller Financing: Yes

About The Business

Year Established: 1998
Number of Employees: 4 – 5
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease

About The Sale

Management Training and Support: Owner will train new owner for a period of 2 weeks.
Reason For Selling: Owner wishes to retire.