Profitable Bar for Sale in Tbilisi, Georgia
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 |
- 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.
Another building has great studio apartments that we rent.
- 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).
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.
- Business is funded with owners' private equity.
-
Earlier than 15 daysOwner, Marketing Services, Tbilisi, Individual Investor / Buyer connected with the Business