SOLD – Sports Bar with Outside Patio
A large sports bar with two patios is available for acquisition. The business was originally established in 2011 and was later acquired by the current owner in 2015. This sports bar has one of the largest patio areas within the area and carries a huge variety of alcoholic beverages on tap. While most customers during lunchtime consist of office workers from nearby, the dinner hours bring a well-mix of adults from the apartment complexes that have lots of disposable income. Various events are done each week to attract customers, but more promotional events are required to attract more customers from all different kinds of demographics within the area throughout the week. Local marketing can be utilized through flyers, direct mailing, delivery service, birthday party event packages, and event packages for large parties, and social media marketing through various online outlets. The current menu needs to be updated to generate more sales as the menu doesn’t fully utilize the demographics of the area. Owner involvement is also critical to the business operation since the current two owners are minimally involved and can’t fully utilize the business towards max capacity due to lack of time involved in day-to-day operations. Once this business has the right potential buyer to fully commit to this sports bar, the sports bar will easily generate more cash flow by reducing payroll expenses as well as the acquisition of new customers through aggressive marketing.