Tavern in Great Condition and Growing District For Sale

A Hot Spot in Growing District! Great Space in Great Condition = Great Opportunity!

Location: Birmingham, Alabama

Financial Information
Asking: $599,000
Gross: $1,330,000
Cash Flow: $196,000
Inventory: $20,000 (not included in price)
Furniture, Fixtures & Equipment:
$200,000 (included in price)

Summary Description
The tavern is located in a HOT DISTRICT in Birmingham that is continuing to grow. The tavern is very well kept up and looks great. It has great food and is a great venue to hear live music or watch sporting events. They serve lunch and dinner and have daily specials. The Tavern is open Monday through Saturday. They were voted best new restaurant in 2009. The tavern also provides catering and is a great place for private events.
So whatever your in the mood for good food, a place to have a drink, a place to watch sports or a place to hear great music, this is it!

General Information
Facilities: The tavern is in excellent condition. The owners put $500,000 into the leasehold improvements. building cost and FF&E. There is good parking in the area as well as a parking lot designated specifically for their tavern. The age of the facilities is right around 5 years old. The square footage is approximately 5500 square feet plus approximately a 1000 sq ft patio. The facilities include a stage, 3 terminal point of sale system, and security system of 24 cameras. It currently has 30 taps looking to expand.
Competition: Located in a prime Birmingham area that is seeing continued growth. There are some other bars and restaurants in the area.
Growth and Expansion: Plenty of opportunities to continue to grow whether through music or through food and beverage.
Support/Training: Willing to do what’s necessary to train new owner.
Reason Selling: Other businesses they own.
Year Established: 2009
Employees: 15