Very Popular Bar in Manatee County Went Up For Sale | Blogs

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Very Popular Bar in Manatee County Went Up For Sale

Fri 03 Dec 2010 19:03:28 | 0 comments

Listing No: BBF-890707054

Category	:	Liquor Related Biz	SIC	:	5813
Detail	:	Sports Bar	Price	:	499,000
County	:	Manatee	Down	:	250,000
State/Prov	:	Florida	Adj Net	:	164,468
Country	:	USA	Sales	:	505,290

Very Popular Sports Bar. 70% Liquor, 30% Beer and Food. Home of the Steelers, Pirates and Penguins fan clubs. Fun atmosphere with games, great food and 4COP Smoking/Package license. The place is always packed. A MUST SEE !!!

Reason for Sale	:	Retirement
General Location	:	Bradenton
Organization Type	:	Corp 'Sub S' Hours Owner Works: 35
	:	Years Established: 14 Years Owned: 14 Emp FT: 2 Emp PT: 7 Mgrs: 1
Non Compete	:	Miles: 20 Years: 3 Weeks Training: 2 Cost: 0
Operating dys/hrs	:	Mon - Sat 12:00 PM to 2:30 AM, Sunday 10:00 AM to 2:30 AM
Skills/Licenses	:	Restaurant or Bar Management Helpful
Business is	:	Relocatable: N Home Based: N Franchise: N Lender P/Q: N

Data Source	Owner to Prove
Year (Cash Flow)	2009 (N)	(N)	(N)
Gross Revenue	505,290	0	0
Cost of Goods	155,901	0	0
Gross Profit	349,389	0	0
Expenses	184,921	0	0
Net	164,468	0	0
Owner Salary	0	0	0
Benefits	0	0	0
Interest Expense	0	0	0
Depreciation	0	0	0
Other	0	0	0
Owner Benefit	164,468	0	0

Accounts Rec	0	*	Real Estate	0	N*
Inventory	15,000	Y*	___________	0	N*
F F & E	95,000	Y*	Total Assets	190,000	Y*
Leasehold	80,000	Y*		*Included?

Lease/Month: 3559.04

Square Footage: 2,758

Building Type: Plaza

Terms & Options: 5+ more available

Expiration Date: 9/30/2012

Loan/Assumable	- Amt:	0 Mos:	0 Rate:	0.00 Mo Pmt:	0.00
Loan/Seller	- Amt:	249,000 Mos:	84 Rate:	6.00 Mo Pmt:	3,637.53
Loan/Other	- Amt:	0 Mos:	0 Rate:	0.00 Mo Pmt:	0.00

CHRISTOPHER SAVAGE	Office	:	(111) 111-1111
ASSOCIATE	Agent Direct	:	(813) 784-4457
FLORIDA BUSINESS EXCHANGE INC	Fax	:	(813) 835-9851
2202 N. WEST SHORE BLVD, SUITE 200	Cell	:	(813) 784-4457

TAMPA, FLORIDA 33706	Email	:	cesavage@verizon.net
USA	Home Page	:	savagebusinessgroup.com

The seller provides all data and financial information on this business for informational purposes only. The broker does not warrant the above information and advises the buyer to seek professional advice when purchasing a business. This offering by the seller is subject to change or withdrawal without notice. This information sheet has been prepared on a confidential basis exclusively for:

Listing No: BBF-890707054

Category	:	Liquor Related Biz	SIC	:	5813
Detail	:	Sports Bar	Price	:	499,000
County	:	Manatee	Down	:	250,000
State/Prov	:	Florida	Adj Net	:	164,468
Country	:	USA	Sales	:	505,290

Reason for Sale	:	Retirement
General Location	:	Bradenton
Organization Type	:	Corp 'Sub S' Hours Owner Works: 35
	:	Years Established: 14 Years Owned: 14 Emp FT: 2 Emp PT: 7 Mgrs: 1
Non Compete	:	Miles: 20 Years: 3 Weeks Training: 2 Cost: 0
Operating dys/hrs	:	Mon - Sat 12:00 PM to 2:30 AM, Sunday 10:00 AM to 2:30 AM
Skills/Licenses	:	Restaurant or Bar Management Helpful
Business is	:	Relocatable: N Home Based: N Franchise: N Lender P/Q: N

Data Source	Owner to Prove
Year (Cash Flow)	2009 (N)	(N)	(N)
Gross Revenue	505,290	0	0
Cost of Goods	155,901	0	0
Gross Profit	349,389	0	0
Expenses	184,921	0	0
Net	164,468	0	0
Owner Salary	0	0	0
Benefits	0	0	0
Interest Expense	0	0	0
Depreciation	0	0	0
Other	0	0	0
Owner Benefit	164,468	0	0

Accounts Rec	0	*	Real Estate	0	N*
Inventory	15,000	Y*	___________	0	N*
F F & E	95,000	Y*	Total Assets	190,000	Y*
Leasehold	80,000	Y*		*Included?

Lease/Month: 3559.04

Square Footage: 2,758

Building Type: Plaza

Terms & Options: 5+ more available

Expiration Date: 9/30/2012

Loan/Assumable	- Amt:	0 Mos:	0 Rate:	0.00 Mo Pmt:	0.00
Loan/Seller	- Amt:	249,000 Mos:	84 Rate:	6.00 Mo Pmt:	3,637.53
Loan/Other	- Amt:	0 Mos:	0 Rate:	0.00 Mo Pmt:	0.00

CHRISTOPHER SAVAGE	Office	:	(111) 111-1111
ASSOCIATE	Agent Direct	:	(813) 784-4457
FLORIDA BUSINESS EXCHANGE INC	Fax	:	(813) 835-9851
2202 N. WEST SHORE BLVD, SUITE 200	Cell	:	(813) 784-4457