Sports Bar, Club and Rest. w/Type 47 - Take Over SBA Loan

As the big restaurant chains come to this area, we're seeing them close one-by-one because the locals love local places to hang-out, drink, watch sports and dance. This sports bar, club and restaurant is one of those businesses locals love and is in a killer location next to where the real money in the area is located in Channel Islands.

Get into this business with little down other than inventory of about $25,000 plus closing costs.  The currently assumable SBA loan is about $375,000.  You must have excellent credit, deep restaurant and bar experience plus plenty of real estate collateral of at least $450,000.

Another option is pay down the SBA loan to lower the real estate collateral.

The location is awesome, having supported revenues recently as high as $1.8 million. This broker thinks it needs a new whole look and feel.  Between $50,000 and $100,000 could accomplish this needed facelift and rebranding.  Then you’ll have a business doing $3 million+ compared to the $1.4 million it is currently running at.

The owner is exhausted and needs a break from the business.

Located minutes from million dollar beach front properties, this business is waiting for an operator to jettison this business to where it should be in the $3 million+ range by filling the demand for a place where people can lounge and meet each other.

There is plenty of parking, good street visibility and a large footprint to pack the patrons and your cash registers. Capacity is in the 300 range. There is inside seating for 222 patrons and outside sitting for about 80. 

This business has been established for more than 14 years with revenues topping out at the $1.8 million range back in 2013 and working owner cash flow topping out at about $320,000.  

Go to sellingrestaurants.com to get more information!

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