Billiard Parlor (OFFER)
Philadelphia Suburbs

Type: Billiards
Category: Amusement & Entertainment

Financials
Asking: $975,000 (incl. $275k of assets)
    Included in the Asking Price:
    FF&E - $250,000 Inventory - $25,000
Gross: $490,000
Cash Flow: OFFER

Summary Description
This well-established billiard parlor has been a mainstay in the community for over 15 years. Currently the owner works only 25-30 hours per week. All of the opening and closing responsibilities are shared between employees. This business tailors itself to a loyal customer base in a healthy like atmosphere. An active owner could easily replace one of the current part-time employees, adding up to $20,000 to the bottom line. There are over 15 tables in this immaculate parlor, a retail section for billiard sales, various games for entertainment, as well as a food and beverage concession. The business participates in several amateur and professional events. The company enjoys a great lease which has an option period after Dec 2009 for an additional 5 year term. Business revenue is broken down as follows: Pool/Billiards 63%, Food & Beverage 14%, Retail Sales 10% and Video games of 13%. Business includes a 24/7 surveillance system providing reliable and trustworthy security. Recreational businesses prosper in good and bad times. This business is no exception. The sale includes equipment and inventory with a market value of $275,000. Only financially qualified buyers will receive additional information. Business has been approved for SBA financing with $300,000 as a down payment.

General Information
Year Established: Est 15+ yrs.
Employees: 6PT, 1FT, 1 PT Working Owner
Facilities: $3,300 per month / Current Lease Expires in Dec 2009, Option period for an additional 5 year term

About the Sale
Financing: Business is qualified for SBA/bank financing
Support/Training: Owner will provide training for 4 weeks without compensation to ensure smooth transition
Reason Selling: Owner is semi retiring and pursuing other business interests

Contact Information
Contact: Daren DiSantis
Phone: 610-353-8244