For Sale: Pool Hall - Sacramento
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Address: Sacramento
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Status: Off The Market
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Posting ID: 179594
Description
Owner Willing to Carry 50% for well qualified Buyers
Only $47,500 down required!
Low Costs make this a Great Money Maker!
A great business! If you want a money making business with few employee headaches, low maintenance, plenty of fun, then you have to look at this business. Operating for 10 years, this business has 17 billiard tables, a large bar area, darts, video games, shuffle board and much more. There is a solid customer and membership following that the owner has built with years of good service and quality products. The center just had a face lift and looks great. Despite the weak economy, sales remain strong and growing 23% in 2011 which in part is due to the great location, off a high traffic street and in a large retail center with major anchors. The Bar and Games room area's are immaculate. All tables, chairs, counter tops and restrooms are faultless. This opportunity is really Turn Key!
This business sponsor's both Pool and Dart leagues. Teams come in on a regular basis and is a good revenue maker. Local businesses come in for "team building" on weekdays - another good revenue boost - typically a few times a month. They are also an anchor tenant in a 100,000 sq ft complex. 10 years in business! This shows how strong the business is especially over the past 3-4 years.
The Owner is also willing to Carry a Note for 50% of the asking price to well qualified buyers and repaid slowly over 24 months.
LOCATION, LOCATION, LOCATION: Situated on a major main Hwy in a large center amongst many other restaurants and businesses, all within walking distance. This Pool Hall is highly visible from the road with large signage and ample parking.
LEASE TERMS: The Lease terms make this restaurant an attractive operation too. Monthly rent is $9200 Inc CAM's, for 7200 sq ft of total usable indoor square footage. There are 4 years remaining on the Lease. which buyers should be able to extend for a longer period.
This business opportunity is in excellent condition. The equipment is all in excellent condition and with the high visibility make it a huge opportunity for a family to work together and enjoy the cash-flow to be made here.
HISTORY: There are 7,200 spacious square feet. There is also a kitchen with a full hood system for burgers, fries, and other various quick food items to offer the customers. There is a beer license as well. This has been a solid financial performer and there is always the opportunity for a new owner to increase revenue through expanded offerings especially at the Bar. Annual gross revenue averaged over $300,000 on their tax returns and this is high margin money maker with very low cost of sale (around 10% less than most restaurants), which mitigates some of the Rent!
The Seller has stated that the business is strong and growing last year. So now is the time to take the Leap into Business Ownership and enjoy the freedom of working for yourself.
HOUR OF OPERATION: Presently this Pool Hall is open from 11.00am to 12.00am daily and until 2.00am at the weekends
REASON FOR SELLING: The Seller has too many outside business interests and admits being totally absentee and wishes to concentrate on his other businesses.
The Price reflects a totally Turn Key business opportunity which will sell fast. The price is perfect for a quick sale!
To get more information about this Pool Hall business for sale in Sacramento please phone Joe Selling (Broker) at 916-276-5654 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #179594 on BizBen.com. In addition to phoning Joe Selling, make sure you email Joe Selling above to get more info about this Pool Hall, to ask any questions or request an appointment to see this business for sale. Thank you.
Contact
- Name: Joe Selling
Phone: 916-276-5654
Details
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Asking Price: $95,000
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Down: $50%
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Cash Flow: $26,000
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Revenue: $251,000
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Area: Sacramento
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City: Sacramento
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Attributes:
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