Sports Pub and Family Restaurant
Asking Price: $649,000
Cash flow: $129,228
Location: Saratoga County
One half of the facility is a sports pub and the other half is a family friendly restaurant. The business offers handmade pizza from the pub’s own fresh dough recipe; over 2 million wings sold in 12 years; freshly pounded veal and chicken; clams, mussels, fresh angus burgers, steaks; a kid’s menu; freshly made desserts and always, cold beer and signature wines. The company has a catering division that makes delicious dishes that are sure to please. They also provide food services to the banquet house of a local golf course. At a cost of approximately $500 per month, the side line business grosses $100,000 per year from May through October, booking weddings, showers, parties, golf outings and fundraisers.
Year Established: 2001
Employees: 10-12 PT
Facilities: The Pub/Restaurant occupies approximately 3,738 sq. ft. on a 5,663 sq. ft. lot. Roughly one-third of the total space is devoted to the Sports Pub and the remainder to the family Restaurant. There are separate outside entrances to each of the venues, with a connecting indoor passage. The company leases a fenced in parking lot adjacent to the building and there is ample street parking available. The sports pub is not only a great place to watch your favorite game, but has many other great features, including a pool table, dart board, digital jukebox and Quick Draw. The pub also provides entertainment in the form of DJs and live music.
Competition: There is virtually no local competition for this business. All other food service businesses are either Chinese takeout or a fast food franchise. The only other remotely similar company would be located at the town line and is best known as an ice cream stand, but does offer some other food choices.
Growth & Expansion: The high margin services continue to be in-house parties and fundraisers, so expansion in that area would surely be a benefit. The delivery area for the huge pizza business could easily be expanded with the addition of another delivery person/vehicle. A little additional marketing for the catering and golf course venues would most certainly increase revenues.
About the Sale
Financing: The owners would prefer cash at closing, but may provide some financing for a qualified Buyer.
Support/Training: The owners will stay on for a reasonable and negotiated transition period to train the Buyer in all aspects of the business operation.
Sale Objective: After owning and operating several businesses over the years, the owners would like to retire and are divesting all of their business assets.