Semi Absentee Cash Producing Bar with Video Poker

Northwest, Louisiana

Sold
Cash Flow: $87,000

Business Details

Gross Revenue: $140,000
Inventory: $2,000
Real Estate Included: no
FF&E: $15,000
Seller Financing: none
Franchise: no

Business Description

Sunbelt Business Brokers of Central & North Louisiana presents an opportunity to purchase a semi-absentee bar with a small town feel that produces cash through multiple revenue streams. In addition to high margin liquor sales that bars are known for there are three slot machines included with this business that produce $25,000 annually. Three newly felted pool tables, an ATM that facilitates cash withdrawals and earns fees, and a modern jukebox that connects to patrons’ telephones also put cash in the owner’s pocket nightly. The new owner would continue to receive all or a portion of this income. Remote controlled lighting and music which is broadcast through a modern speaker system throughout the bar sets the mood and keep the customers smiling and spending in what could be described as a comfortable laid back atmosphere. Additionally, the bar hosts local bands twice a month which brings in significantly more customers and income. The cost of these bands is quickly covered within the first couple of hours but the bar stays packed with regulars and new-comers all night long. The success seen with hosting these local bands could certainly be expanded upon to additional weekends or more events by a new owner. Bar capacity is 120 patrons and has ample parking available in the front and rear of the business. The current owner operates the bar semi-absentee with 2 full-time and 2 part-time employees. Payroll and fixed costs are kept at a minimum as most of the income produced by these employees is through tips which of course keeps them motivated and customer friendly. The business occupies approximately 1,900 square feet of leased space and the seller will facilitate a new lease or lease transfer for the new owner. The leased space is on a high traffic highway that has retail shops, restaurants, and an affluent neighborhood only minutes away. Currently the bar is open 6 days a week and is well known in the area. An established bar business, recognizable name, existing customers, and everything you need to own and operate a successful business is included in the sale of this business. Concerning equipment there are many taps and a lighted 30 case keg cooler that keeps the beer ice cold for the frequent customers. Also included is a 800 lb ice machine eliminating the need to purchase ice from outside vendors. If you are interested in an investment in the night life and the cash it can produce contact David Moreau at 337-375-3572 or email me at david@sunbeltbuysell.com today.

Addtional Information

Reason for Sale: Moving onto other opportunities

Year Established: 2007
Leased: yes
Willing to Train: yes
Year Acquired: 2015
Home Based: no
Distressed no

Listing Broker

wavatar
David Moreau
Broker/Realtor
337-396-7380
Agent is sponsored through Sunbelt Business Brokers of Alexandria, sponsoring broker Brandon Bourgeois, telephone number 225-201-0202. Please contact agent directly for more information.
David Moreau is a long-time resident of Deridder, Louisiana. David earned an Associate of Science from Northewestern State University. His experience is tailored around social networking and web development. He managed, owned, and developed an online marketplace centered around fresh food products. David is bringing his experience of connecting buyers and sellers together, from the digital world, to the real world. Contact David by emailing him at david@sunbeltbuysell.com
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