Business Description :
This bar-lounge has been developed into a local favorite nighttime establishment in prominent downtown LaGrange. Currently it is open five (5) nights a week, but that can be changed by a new owner. There is a great opportunity to make more sales and profit by opening seven (7) days a week and offering lunch.
Keep in mind, LaGrange is growing city. Because of that, city became very attractive to many businesses and companies, who move their operations to LaGrange. Its new water park is almost finished. New tire distributor is under construction, which will employ 20000+ employees. That is in addition to Kia plant.
LaGrange is conveniently located off interstate 85 in 185, and less than an hour from the world’s busiest airport in Atlanta. In LaGrange will find busy streets with great restaurants and locally owned businesses but only a few minutes from downtown you can be fishing for bass in West Point Lake, enjoying a broadway caliber musical at LaGrange College, listening to a concert by our acclaimed Symphony Orchestra, and watching your child’s ballgame at one of first class recreation facilities.
The bar hosts college social events twice a month (weekdays), when schools are open. Little marketing from a new owner to other colleges and companies can secure additional private events thus bring more revenue and profit.
In addition to the bar and lounge, there is a full size kitchen with hood system, grease trap, flat grill, open flame grill, fryers and much more. Current owner does not operate the kitchen, but instead, they lease it to an individual, who operates it. New owner can take over the kitchen operations and expand the menu, if needed.
It is being sold with all tenant improvements, furniture, fixtures and equipment. This establishment is awaiting on a new owner to make a great living.
The bar-lounge is furnished with an old furniture along with old television sets where attendees can play an old Atari video game system. Bar serves mainly craft beers along with mixed drinks and wine among other things. At present time, bar has over 70 different kinds of craft beer. This bar-lounge is not doing what the usual bars do.
Some of the expenses for last twelve (12) months are as follows:
- Gross Sales: $336,000
- COCG (30%) $100,800
- Rent: $19,200
- Sales Tax: $16,800
- Business Insurance: $4,800
- Phone/Internet: $1,800
- Liquor license: $2,409Inventory: Included in asking priceEmployees: 3
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: Bar, lounge, and kitchen
Growth & Expansion: Significant growth potential. It is good as is, but more marketing of corporation accounts around neighbor will bring up sales for sure.
Financing: No seller financing available.
Support & Training: two (2) weeks of training by the seller
Reason for Selling: moving out of state