SPORTS BAR AND GRILL
Seller:
Attn:
VR Business Sales
Location:
Tampa Bay Area, FL, USA
Listing Number:
"4147-1011"
Overview of the Business:
This is a popular Sports Bar and Grill serving the greater Tampa Bay area since 2004. It is part of a well known Florida franchise network that was founded in 1994. Due to its grass roots marketing efforts throughout the community the Sports Bar & Grill rapidly built a large dedicated customer base of local area residents and local sports teams. The average number of customers on a daily basis is approximately 200. It is an official business partner of the USA Soccer Federation and the official watch spot for the US Soccer team. The Sports Bar attracts many local fans and US teams to view game times in the restaurant. It is the only sports bar in the area with a full Direct TV sports package. All sporting games and events are available for viewing that are not available anywhere else in the area. Wireless speakers are provided to customers at their table, a service that is exclusive to this sports bar. The restaurant serves a wide variety of delicious menu items that satisfy all appetites. There is something for everyone. The Restaurant uses the freshest ingredients for all prepared cuisine and has an excellent reputation of fast, friendly service and high quality food.
Property Features and Assets:
Lease: Located on one of the top five busiest intersections in the county.
The Sports Bar and Grill has exercised the five-year option in the lease with a rate that is comparable to current commercial real estate rates and includes an added five-year renewal option. The annual rent to be reset to $54,000.00, effective May 1, 2009, and an annual increase at the same rate in the current lease.
Market Competition and Expansion:
As active sponsorships of adult sports leagues and local area High School sporting teams and events the restaurant rapidly built a strong customer base. They also attend community events; word-of-mouth has been their advertising venue. They have done some print advertising in the beginning of the business, however they were unable to track the effectiveness and switched to a more grass roots oriented approach. They have advertising through the internet on their own website, the My Cities page and have achieved great success through the popular social network MySpace. They have created their own page and social buzz which raised customer awareness.
Additional Details:
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