Rossville Blvd - Sports Bar & Grille

Business Opportunity for Sale
Catylist Listing ID: 30321682
Property Subtypes: Food and Beverage
Building Size (RSF): 3,143 SF
Gross Land Area: 13,939 SF
Sale Price: $209,900
Ceiling: 10 ft.
Name of Establishment: Jimmy's Sports Bar & Grille
Business Website Address: N/A
Franchise Parent Name: N/A
Year Business Established: 1993
Gross Revenue: $200,000 (Annual)
Cash Flow: $150,000 (Annual)
Sale Terms: Cash, Conventional. Seller may consider some owner financing
Auction License Number: N/A
Last Updated: 9/5/2018

Overview / Comments

One level building currently operating as a sports bar. Revenue is generated through the sale of snack foods and adult beverages. The commercial kitchen is operational but will need some code upgrades. Additional revenue include the sale of lottery tickets, New owner will need to qualify to continue the sale of lottery tickets. It is not transferable with the sale. Approx. 1,000 sq. ft. is being used for storage but could be utilized as additional operational space. Additional equipment includes a pool table,

Current operating hours are:
Sunday thru Thursday 9:30 a.m. - 11:00 p.m.
Friday thru Saturday 9:30 a.m. - 1:30 a.m.

Consisting of approx. 3,100 sq. ft, this corner lot building is in a heavily traveled location that has great visibility.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Industry Segment: Bars and Taverns
Reason for Selling: Illness of the owner is mandating an immediate sale of this property.
Value of Inventory Included ($): $20,000
Value of Furniture, Fixtures, and Equipment ($): $40,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $209,900
Real Estate Lease Description: N/A
Employee/Labor Description: There are two bartenders on staff.
Mgmt/Training Support Description: N/A
Competition/Market Description: With the availability to expand the space, this business has potential to expand the space available for use of a dance floor, and additional seating. Use of the karaoke machine can also be an added attraction. With upgrades in the kitchen, hot meals can be served.
Growth/Expansion Opportunities: Restructure and/or enhancements can increase revenue by utilizing more of the available space.
Seller Financing Description: Some owner financing will be considered.

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Contact

Photograph of Listing Agent

Lora M Dawson

Crye-Leike, REALTORS Greater Chattanooga REALTORS® Member
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