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Profitable Bowling Alley and Sports Bar- Completely Remodeled!

MI

Profitable Bowling Alley and Sports Bar- Completely Remodeled!
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $1,000,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $450,000*

Established: 2014

*not included in asking price.

Profitable Bowling Alley and Sports Bar- Completely Remodeled!

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Business Description

Profitable Bowling Alley and Sports Bar- Completely Remodeled and Updated!
This business was started by the current, who have owned and operated a major success for over 21 years. These peoples dedication truly deserve all the credit for the outstanding reputation and growth of this business, as they have taken this business to a new plateau that can only continue to grow under their outstanding leadership!
The facility seats more than 240 persons, and no expense has been spared in the details of the construction and equipment. The new owners pride themselves in keeping all their business operations in top conditions and all repairs made when needed.

They have developed the business into the success it is today, and is a locally owned family American Sports Bar and Grill & Bowling Alley. The owners pride themselves on providing great service and fresh pub style food. This business was a dream of the owners a few years ago, which turned into a great success.

The restaurant offers a full bar, 12 beers on tap, and an outstanding menu.

The bowling alley offers league bowling, open bowling, and private parties.

The furniture, fixtures, and equipment are in great condition, as much of the equipment is only a few years old and well maintained.

The business has a long-term lease with the landlord, that is transferrable to the new owners.

The business enjoys great reviews for its food and service.

ANNUAL SALES:
Gross Sales exceed $1,000,000.00 annually, and the business is very profitable!

MOTIVATION FOR SALE:
The owners are selling the business due to personal family motivations.

MANAGEMENT:
Owners and key employees manage and operate the business on a day-to-day basis. One of the owners is an absentee owner.

PERSONNEL:
The employees are willing to transition to the new owners, and the owner is willing to support and train the new owners. The restaurant has a total of 25 employees. 15-20 employees are working in the front of the house, 5-8 employees in the back of the house at any given time. The owners provide employees who work over 30 hours per week health insurance, and the hourly employees earn $12.00 or more per hour. The wait staff earns normal wages plus outstanding tips.

LOCATION ANALYSIS & REAL ESTATE:
Year Built: Restaurant completed in 2014, and Bowling Alley is approx. 20 years old.

15,000 square foot

There are ample parking and traffic patterns for customers, as it is located in a high traffic corridor.

The crime rate is low; there have been no losses.

The business climate in this county is a strong conservative community.

Utilities are adequate.

The labor rate is lower than average for the state of Michigan, there is housing available for the employees in the respective area, and the tax rates are average for the state of Michigan in the area.

METHODS OF RECORD KEEPING:
QuickBooks- Cash Accounting and consults a CPA. –

INSURANCE:
The company has Workman’s Comp, General Liability, Umbrella, and Auto Insurance Policies presently in force.

SECURITY:
The company has a 24-hour monitored security system with video cameras located around the facilities.

ADVERTISING:
Facebook, Social Media, Local Press, Local Media, and referrals.

PRICING:
Maintains pricing practices in line with the competition along the area of Michigan.

LEGAL OR ENVIRONMENTAL ISSUES:
Presently no known environmental issue. There are presently no known past or present issues.

Detailed Information

Real Estate:
Owned
Not included in asking price
Building SF:
15,000
Employees:
25
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(from currently available funds)
 
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Rob Anderson

Business Listed By:
Rob Anderson

Equity LTD

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