Link Business

Well Established Pool Hall & Bar with Great Cash Flow

$299,000North CarolinaListing: #RL00053

About this business for sale

Well 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.   
Raleigh
hesham.elabbasy@Linkbusiness.com
(919) 299-9880
(919) 274-2244

Hesham Elabbasy

*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.