This billiards business has operated successfully for more than 14 years and the revenues are in an upper swing, growing from $20,000 a month to the most recent numbers of $33,000 a month and all accomplished in seven months of new ownership. This business is completely absentee operated. The owners live in Fresno.
The owners invested about $180,000 into this business in the past year and includes new big screen TV, resurfacing of tables, new furniture, paint, kitchen equipment, restroom ADA improvements, flooring and many other improvements. This pool hall looks great and ready for a working local owner to take the helm.
So, if you know the billiards business, then you know the margins are high in this business. A good operate can earn $10.000 a month from this volume. Sure the rent is high, but there are 7,200 Sq. Ft. of prime retail end-cap unit space, with fantastic street appeal and visibility, driving those sales to new levels.
THE NUMBERS: Let's do the numbers. At monthly sales of $33,000 less sales taxes $2,600, less rent of $9,300, leaves $21,100. There are 5 part-time employees a payroll of $6,000, security $2,000, advertising of $500, utilities $1,200, maintenance $500 and other costs of $2,000 a month, leaves a profit of nearly $9,000 a month! So let's be conservative and estimate the business at $33,000 a month can earn $7,000 a month. That's about $80,000 a year.
Of course, you need to perform your own due diligence and not rely on my calculations. The owner has the numbers to help you here. The numbers being advertise are estimates based on actual expenditures and revenues for the most recent months.
There is a beer and wine license as well as a small kitchen to prepare great bar food.
There are dart machines as well as other cash generating games.
Please visit our website at SellingRestaurants.com to get more information for listing 4723.
|2014 Total Population||56,708||195,567|
|2010 Number Of Households||20,045||72,888|
|2010 Persons Per Household||2.63||2.51|
|Median House Value||$213,100||$270,978|
|Income Per Household||$54,915||$60,527|
|2009 Number Of Businesses||1,241||4,517|
|2012 Number Of Employees||70,332||160,964|
|2012 Total Annual Payroll||$2,226,328,000||$4,284,927,000|
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