Liquor Related Biz

Category : Liquor Related Biz SIC : 5813
Detail : Sports Bar Price : 325,000
County : Orange Down : 65,000
State/Prov : Florida Adj Net : 118,958
Country : USA Sales : 1,602,027
As this unique sports bar and restaurant rebounds from the imposed lockdown in the early part of the pandemic the owner has
taken the opportunity to revamp the operation thoroughly. Bringing in a new management team and implementing improved
working methods the business is already seeing significant results. The restaurant serves a full menu, has a 4COP SRX license
and caters for those who wish to eat in, order out or pick up. Regularly featuring live music, yes, it’s a local neighborhood bar
but it’s also known throughout the City by those who like to gather there on Sundays in the Fall. With seating for 220 inside and
an additional outside bar this friendly go-to spot is busy seven days a week. Located in a recently improved shopping precinct
the restaurant benefits from regular footfall from those visiting the adjoining supermarket, gym and general store. The liquor
license and an impressively long list of current fixtures and fittings are included in the price. Owner runs several other
businesses and can spend very little time in this business; a hands-on owner/operator could further maximize the potential. The
business has been lender pre-qualified for purchase with a 20% buyer cash injection. Checks every box for an E2 visa.
Reason for Sale : Other businesses taking up too much time.
General Location : Commercial space located 20 minutes from downtown Orlando.
Organization Type : Corp ‘Sub S’ Hours Owner Works: 5
: Years Established: 31 Years Owned: 20 Emp FT: 12 Emp PT: 8 Mgrs: 1
Non Compete : Miles: 50 Years: 3 Weeks Training: 2 Cost: 0
Operating dys/hrs : 12pm to 12am, Sunday to Saturday
Skills/Licenses : Experience of working in a similar business would be helpful
Business is : Relocatable: N Home Based: N Franchise: N Lender P/Q: Y
Data Source Tax Return Tax Return Tax Return
Year (Cash Flow) 2019 (N) 2018 (N) 2017 (N)
Gross Revenue 1,602,027 1,528,771 1,728,507
Cost of Goods 578,307 592,904 648,808
Gross Profit 1,023,720 935,867 1,079,699
Expenses 992,400 944,553 1,018,665
Net 31,320 -8,686 61,034
Owner Salary 0 0 0
Benefits 0 0 0
Interest Expense 6,744 5,660 1,741
Depreciation 7,694 30,393 0
Other 73,200 73,910 35,210
Owner Benefit 118,958 101,277 97,985
Accounts Rec 0 N* Real Estate 0 N*
Inventory 15,000 Y* ___________ 0 N*
F F & E 20,000 Y* Total Assets 35,000 Y*
Leasehold 0 Y* *Included?
Lender Pre-Qualified Project Summary
Acquisition Costs: Down Payment and Financing:
Purchase Price 325,000 Down Payment 65,000
Working Capital 38,000 Loan/Assumable 0
Loan Fees 12,000 Loan/Seller 0
Closing Costs 0 Loan/Other 310,000
Total 375,000 Total 375,000
Lease/Month: 13242 Square Footage: 5,604 Building Type: Commercial
Terms and Options: Expiration Date: 7/31/2021
Loan/Assumable – Amt: 0 Mos: 0 Rate: 0.00 Mo Pmt: 0.00
Loan/Seller – Amt: 0 Mos: 0 Rate: 0.00 Mo Pmt: 0.00
Loan/Other – Amt: 310,000 Mos: 120 Rate: 5.75 Mo Pmt: 3,402.85
LUIS GUTIERREZ Office: (407) 787-0077
BROKER Agent Direct: (407) 738-7959
GUTIER BROKERS Fax: (407) 966-4393
7600 DR. PHILLIPS BLVD. Cell: (407) 738-7959
ORLANDO, FLORIDA 32819 Email: luis@gutierbrokers.com
USA Home Page: www.gutierbrokers.com

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