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Bar for Sale in Tbilisi, Georgia

For Sale: Newly renovated and ready to operate bar, Italian restaurant and karaoke station.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 30 thousand
Run Rate Sales USD 20 thousand
EBITDA Margin 35 %
Industries Restaurants + 1 more
Locations  Tbilisi
Local Time 10:06 PM Asia / Tbilisi
Listed By Business Owner / Director
Status Recently Active
Overall Rating
Full Sale
Asking Price: USD 30 thousand (Native Currency: GEL 92,550)
Reason: Relocating from Georgia to USA. Looking for the full sale of the bar but also open to partnerships.
Includes physical assets worth USD 30 thousand
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Business Name
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Business Overview

- The business is a working bar and Italian restaurant.

- We host parties and also operate as a karaoke station.

- The space is huge and can accommodate seating of 150+ people. During parties, we remove the furniture to accommodate up to 400 people.

- The daily footfall before covid was around 400+ people but after the pandemic, it has reduced.

- Working area and bar is newly renovated with Italian-goth style furniture. We also have 2 VIP rooms and 2 private sitting areas.

- The place is equipped with sound systems, lights and other infrastructure and does not need any fixtures after acquiring.

- The revenue has dropped due to multiple lockdowns this year but we hope to recover as now things are coming back to normal.

- We are also open to working in partnership.

Products & Services Overview

Italian cuisine restaurant, bar and karaoke station.

Assets Overview

We have a newly renovated Italic furniture setup, our kitchen is fully equipped with 2 platform areas, ovens, freezers, professional barbeque and the finest bar counter.

Facilities Overview

We have a leased 250 sq. meter space. The lease can be renewed every 4 years.

Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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