Established Sports Bar and Live Music Venue - Back on Market

Description

Popular gathering spot for great food, drinks, parties, watching live action - sports and music! The restaurant and bar have great reviews and a terrific following. Live Music Venue with capacity of 3,000+ people outdoors (1,000 covered) and 250 indoors. Since opening, the business has hosted over 30+ national shows and a countless number of local acts on our professional stage and sound system. Restaurant has also hosted weddings, retirement gatherings, memorials, artisan fairs, and community non-profit fundraisers. In addition to the food & drink sales, they derive income from ticketed shows. Gross revenue has increased every year except for government imposed 5-month pandemic pause in 2020. Opportunity to increase food business by opening for lunch. Plenty of upside levers to pull to increase revenue. Owner is ready to focus on other interests; don’t miss out on this one, so much potential! Only serious inquiries please. Experienced & financially qualified operator required.

Listing Details

• Listing Number: 11421-586359
• Location: Onondaga County, New York
• Price: 825,000.00
• Down Payment: 250,000.00
• Sellers Discretionary Earnings: 275,000.00
• Category: Restaurants


• Inventory: 50,000.00
• FF&E: 65,000.00
• Employees: 20
• Years Owned:
• Reason for Selling: Retiring