Return to search results

Restaurant/Bar/Event Facility with Real Estate

Allentown, PA (Lehigh County)

Restaurant/Bar/Event Facility with Real Estate
Contact Seller

Asking Price: $2,250,000

Cash Flow: N/A

Gross Revenue: $2,000,000

EBITDA: N/A

FF&E: $250,000

Inventory: $30,000

Real Estate: N/A

Established: N/A

Restaurant/Bar/Event Facility with Real Estate

Save Print Share Valuation Report

Business Description

CONFIDENTIAL--MULTIPLE REVENUE STREAMS WITH REAL ESTATE: Businesses include restaurant, bar, patio bar, event/wedding/business meeting facilities, and golf course. Opportunity to buy existing businesses and revenue streams with no deferred maintenance and limited upgrade expenses for years to come as everything has been recently upgraded or replaced. Stunning modern facility features a redesigned and expanded banquet room accommodating over 250 guests, a new smaller room for business meetings of up to 30 attendees, a completely remodeled restaurant and sports bar with new restrooms, and an expanded patio bar. The golf course has been upgraded for increased revenue opportunities.Priced at a highly attractive 14% CAP.

Attached Documents


Detailed Information

Location:
Allentown, PA
Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
7,138
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
State-of-the-art wedding/banquet room for 250 people, with separate bar, separate bridle suite, and outdoor wedding ceremony venue; meeting room for 30 people with portable bar, 125 seat restaurant and full sports bar, 110 seat patio full bar/private party area, 18 hole golf course with pro shop, 200 seat pavilion with grill, and fully equipment commercial kitchen.
Competition:
Situated in an affluent and highly accessible municipality, the completely rejuvenated clubhouse and golf course is state-of-the-art. This stunning facility features a redesigned and expanded banquet room accommodating 250+ people, a completely new front fa├žade with a light-filled and welcoming main entrance, a new bridal suite, a new smaller room for business meetings, a completely remodeled restaurant/tavern and sports bar with new restrooms, a new Pro Shop, revitalized greens and tees, and an expanded patio bar as well as a new patio private party area and pavilion.
Growth & Expansion:
Event bookings have doubled since the renovations and management/personnel upgrades in 2017. Overall, food and beverage revenues are up 35% in 2018 and expected to be up more than 50% in 2019 and this is only just scratching the surface for an experienced owner/operator. Weddings and holiday parties have been reserved through the end of the year and into 2020. Golf revenues have remained constant in spite of two consecutive bad weather years when most clubs are showing significant declines and losses.Opportunity to buy existing businesses and revenue streams with no deferred maintenance and limited upgrade expenses for years to come.
Support & Training:
Owner willing to negotiate a short transition period.
Contact Seller

Contact the Seller

(from currently available funds)
 
Contact Seller Loading

Carrie Ward

Business Listed By:
Carrie Ward

Howard Hanna The Frederick Group

Show Phone Number

View My Listings


Sponsoring Broker:
Doug Frederick

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1680883 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


One Day Doors & Closets

Franchise Opportunity In PA
Cash Required: $100,000