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Profitable Bar for Sale in Tbilisi, Georgia

Highly profitable sports bar and restaurant with an annual net profit margin of 35%.

Established 1-5 year(s)
Employees 10 - 50
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 800 thousand
Run Rate Sales USD 800 thousand
EBITDA Margin 40 %
Industries Restaurants + 1 more
Locations  Tbilisi
Local Time 11:44 AM Asia / Tbilisi
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Full Sale
Asking Price: USD 480 thousand (Native Currency: GEL 1,307,500)
Reason: The owners are relocating and would like to sell this highly profitable and unique business. More i... View More
Includes physical assets worth USD 430 thousand
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Business Overview
- Sports bar and restaurant in a busy touristic area.
- Gets about 200 customers on a daily basis when there are live events/screenings.
- Upto 50 customers on days with no live events/screenings.
- We have screening for all types of sports - boxing, rugby, football and many more.
- Our annual net profit after all taxes is GEL 768,000.
- This is a very high margin due to the following competitive advantages:
• We have a golf simulator. Nobody else has a golf simulator in Tbilisi.
• 24/7 sports.
• Central location - for both tourists and locals.
- These high margins are rare in the restaurant industry and a buyer can acquire this at a reasonable asking price of GEL 1.3 million (about USD 500k)
The main business is the sports bar and restaurant and it brings in 70% of our total revenue. However, we also have studio apartments in our second building and they bring in 30% of revenue.
- There are 4 studio apartments.
- We charge about GEL 261 (USD 100) per night for the studio and in the summer season it goes up to GEL 470 (USD 180).
- The owner of the business has 20 years of experience in the hospitality sector.
Products & Services Overview
One building with a sports bar and restaurant with live screenings and events. We also have a golf simulator and pool table.
Another building has great studio apartments that we rent.
Assets Overview
Tangible assets.
- FF&E of the bar is worth GEL 523k.
- 10-year leasehold of 2 buildings is worth GEL 654k.
We bought this 12-year leasehold 2 years ago for GEL 785k. There are 10 years remaining which makes it worth GEL 654k.
The freehold value of these 2 buildings is about GEL 5.23 million and GEL 3.92 million respectively. (but freehold is not included in this sale).
Facilities Overview
One building is 300 sq. m. It has a bar on the top floor; the ground floor has a pool table, golf simulator, and hookah room; the outside area is 150 sq. m. and has tables and chairs.
The second building is 196 sq. m. It has 87 sq. m of outside area, and has 6 floors, where 4 floors are studio apartments (1 on each floor); the ground floor has the restaurant, and minus floor (basement) has the kitchen.
Both buildings are in the center of Tbilisi-Orbeliani Square. They are both on leaseholds with 10 years remaining on their lease.
Capitalization Overview
- The business has no debts, and no outstanding loans either, the business has three shareholders.
- Business is funded with owners' private equity.
Recent Activity
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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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