Bars For Sale in New Smyrna Beach Florida

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Sports Bar Restaurant Beach Area Owner Financing Property Available.

Location:New Smyrna Beach, Florida

Category:Bars

Asking Price:$695,000

  • Sales revenue : $726,000
  • Net profit : Undisclosed
  • Furniture/Fixtures value : $66,000
  • Inventory/Stock value : $15,000
  • Sports Bar Restaurant Beach Area Owner Financing Property Available.
  • Sports Bar Restaurant Beach Area Owner Financing Property Available.

Business description

Sports bar in a great location that is under priced not only because of the recession but that the seller has decided to pursue family life instead of holding on to this little gold mine. Sale are running about the same as last year with the main events still to come. Fully staffed, fully equipped and with the property up for sale as well make this a really nice safe business for an experienced bar owner or for the first time buyer. Seller works there but only in a supervisory roll. Rent is about $7,500 per month in total plus sales tax. Not only is the bar on the corner of the two main and busiest roads, it is close to walking distance to the beach and close to all of the gift shops and trendy stores that attract visitors to this beautiful part of Florida. Seller is part of the merchants organization and hosts and participates in many events that bring in visitors as well as local residents to the bar.

Other Information

  • Real Estate: 1,200,000
  • Competition: Sports bar in a great location that is under priced not only because of the recession but that the seller has decided to pursue family life instead of holding on to this little gold mine.
  • Expansion: It is tough to improve on this business as the package is almost complete but for the hours. It could open a little earlier and it could close a little later. Other than that it will be hard to find an area where one could improve the bar, but a new broom will find somewhere to improve it. Sales are only 1% down on last year at this time and Mardi Gras Parade and St Patrick's day still to come that are late this year.
  • Years Established: 1986
  • Employees: 16
  • Support Training: Some of the sellers staff have been there for over 10 years and open and shut the place for the seller and know the business as well as the seller who will stay for 2 weeks to make sure that the buyer has an orderly handover and that the buyer is comfortable in his new surroundings and can run the business.
  • Reason For Selling: Has grandchildren that live a distance away and would like to be there more
John Price,broker & Associates
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