Morgan & Westfield Business Brokers

Home

View Our Businesses For Sale

Contact Us

Entertainment and Events Business with Bar

Columbus, Ohio

Asking Price: Gross: Cash Flow:
$549,000 $780,351 $240,674

Furniture and Fixtures Value:
$0 (included in the asking price)

Inventory Value:
$10,000 ( not included in the asking price)

Real Estate:
$0 ( not included in the asking price)

Business Summary:

This is a fun, independently owned entertainment and events business with a bar. This niche business offers an engaging entertainment activity that allows locals and visitors to connect and participate in an energizing, lively atmosphere. The business has fewer than a handful of direct competitors in Columbus. This bar and entertainment location offers personalized activities as part of a fun experience, making it a go-to destination for an afternoon or evening, engaging in music, food, drinks, and a unique form of entertainment.

Led by trained local performers and expert staff, this entertainment experience appeals to couples, groups, ladies’ night-out participants, corporate team-building events, fundraisers, and anyone interested in a fun time out. During the event, patrons can enjoy a full bar, including beer, wine, cocktails, non-alcoholic drinks, and snacks, with the bar representing 25% of the location’s overall revenue.The venue is located in a high-visibility neighborhood with excellent signage that draws lots of foot traffic from visitors to the art galleries, boutiques, bars, and restaurants that make up the neighborhood.

An overall increase in demand has led the owners to implement a dynamic pricing model for their busier periods. They offer a flat fee for booking space for events, with lower prices available for booking early. The price rises as an event sells out with demand-driven pricing.

The franchise offers support for marketing, advertising activities, and training in addition to the hands-on training the owner will provide.

The current owner was originally very hands-on with the operations but has been transitioning the business to two managers over the past year. There are operational processes in place with experienced managers and part-time staff who can be called upon to work as needed. Most of the staff are trained in all three operational areas to bartend or assist with the activities. The current owner plans to retire, spend more time with her aging parents, and travel with her family. This presents an ideal opportunity for someone with entrepreneurial experience or interest in taking on a going concern that can continue with minimal disruption.

This is an established business, not a new franchise or start-up. This business opportunity is located in a prime location of one of the most popular entertainment districts in Columbus, providing a going concern with growth potential and support.

NEXT STEPS: If you’re interested in this business, please fill out the contact form, and we will email you an NDA to e-sign. Please look for an email with the subject "Morgan & Westfield - Entertainment and Events Business with Bar”. You can access more information on this business after e-signing our NDA.

 
   
   
Year Business was Established: 2020
   
Number of Employees: 2 FT | 20 PT  
   
Facilities / Terms of Lease: This 2,147 square foot ground floor unit boasts two studio rooms, a bar, an employee/storage area, and a small office. It's strategically situated in a high-visibility area with substantial pedestrian traffic. It provides two dedicated parking spots for full-time employees, with area permit parking for the rest of the team. Guests have the choice of metered street parking or nearby parking garages.  
   
Owner willing to finance: Available for qualified buyers.  
   
Owner willing to train: The owner is willing to train the new owner for four weeks, in addition to the mandatory one-week training by the Franchise following the closing, included in the price.  
 

 

REQUEST MORE INFO

Full name:

E-Mail:

Telephone:

Message Text :