Excellent Opportunity to own a Midtown Sports Themed Bar with full kitchen.
Excellent Opportunity to own a Midtown Sports Themed Bar with full kitchen.
Price: $1,250,000
Location: Fulton
Industry: Bars, Pubs and Taverns, Nightclubs and Theaters
FOR SALE! Sport Bar and Entertainment Complex in Midtown Atlanta. +/- 28,000sf. Currently operated
as a Fowling Warehouse, the new owner may easily change the concept. The spacious patio area is
ready for an outdoor bar. Entertainment options include Fowling, Axe Throwing, Boxing and Wrestling.
Located in the popular and growing Blandtown area. Complete with Full kitchen,40+TVs and 70' bar. This is currently operated as a Fowling Warehouse franchise business but the concept may be changed.
Gross Revenue: N/A
Cash flow: N/A
FFE Included: 360000
Terms and Conditions?:
Cash Sale with some seller financing available for a qualified buyer.
Reason For Sale:
Seller has out of state business interests and needs to relocate.
Training & Support:
Seller is will to remain for 2 weeks to assist the new owner during the transition.
Year Established: 2021
Days & Hours of Operation: Wed-Sun; 4pm to 2am
Owner Hours Per Week: Wed-Sun; 4pm to 2am
Employees: 12 full time
Managers: 3 key employees
Square Footage: 28,000
Facilities Information:
Included in the sale are a fully outfitted kitchen, full bar with unique beer tap system, tables, chairs, electronic gaming consoles, 40+ large screen TVs, Ping Pong Tables, 20 Fowling lanes with equipment, patio area with walk-in cooler and full camera-security system. Recent renovations include plumbing, electrical and HVAC systems, windows and restrooms.
Owner Qualifications:
The ideal buyer will already be active operating sports and entertainment venues in the Atlanta market and will have financing in place.
Competition:
Fowling Warehouse competes with local establishments that cater to adults who enjoy connecting with others for good food and fun in a sports bar environment. Bowling alleys, Axe Throwing, Traditional Sports Bars and Live Entertainment venues are considered competition but few offer the opportunity to cater to multiple interests under the same roof.
Potential Growth:
The business is currently operated as by Fowling Warehouse franchisee but the business concept may be changed by the new owner. The biggest opportunity for growth is by better connecting with the local business community and securing more corporate functions. Past successful events that could become more of a focus include, wrestling, boxing and music.
Financing/Terms:
Seller will consider financing a small portion of the purchase for a qualified buyer.