Well Established Pool Hall & Bar with Great Cash Flow
About this business for saleWell Established Pool Hall & Bar with Great Cash Flow
- A well-established neighborhood Pool hall & Bar in a busy, visible Burlington area.
- Free standing Building with 10,000 SF and plenty of parking spaces.
- Very competitive and affordable rent with 5 years left on the current lease.
- Building has 12 pool tables, State of the art live bar and a separate live music band hall.
- Pool hall can accommodate 321 guests in the pool room & 130 guests in the party room plus a great out door patio with mini golf for more entertaining.
- Currently has 8000 memberships with the potential for more. Great reputation and excellent online reviews.
- Currently does not serve food, however a 900 SF storage room can be converted to a full size kitchen which will open up a huge income stream.
- 5 Full-time bartenders and 2 doormen.
- Business holds $6000 inventory that is included in the sale.
- Current owner has been in the same business for 13 successful years and is ready to retire.
- Current lease expires in 2024 and has a very flexible landlord.
- Near Elon University with nearly 6800 students.
- Owner will provide reasonable training.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.