Sports Bar And Entertainment Venue With Real Estate

Description

Sports bar and entertainment venue for sale with the associated real estate in a high-traffic historic district near downtown St. Louis. The business has operated under its current brand for more than 14 years and has recently undergone a full renovation.

Location

• Historic district near downtown St. Louis
• Close to major hotels
• Near three professional sports stadiums
• Near the convention center
• Off-street parking
• Real estate included in the sale

Venue

The property is set up for restaurant, bar, entertainment and private-event use. Recent renovations include updated customer areas and operating systems.

• Made-from-scratch commercial kitchen
• Full bar setup
• Private event areas
• Advanced audio and video system
• Digital television network throughout the venue

Revenue

The business currently generates revenue from several parts of the operation.

• Restaurant sales
• Bar and nightlife business
• Catering
• Private events
• Seasonal sports and downtown event traffic

The existing digital display network may also provide advertising revenue, subject to current contracts and applicable advertising arrangements.

Events and corporate business

The venue can accommodate sports viewing, live entertainment, private parties and other group functions. Additional business may be developed through corporate meetings, conventions, hotel referrals and event partnerships.

Real estate

The property is included with the operating business. Buyers should evaluate the real estate separately from the restaurant and entertainment operation, including title, property taxes, zoning, building condition and any outstanding liens.

Growth

• Increase convention-related business
• Develop corporate meetings and events
• Build hotel referral partnerships
• Increase catering and private-event bookings
• Expand digital advertising sales
• Increase programming around sporting and downtown events

Buyer review

Buyers should verify historical financials, food and beverage margins, event revenue, catering sales, payroll, equipment ownership and the profitability of each revenue stream.

Liquor licensing, entertainment permits, occupancy limits, food-service permits, advertising agreements and any live-music or event requirements should also be confirmed before closing.