Businesses for sale in Tampa Florida by Enterprise Brokers

Vincenzo LoCricchio and Enterprise Brokers are proud to announce that they have been retained as the exclusive Florida Franchise development arm of Zippy Shell USA, LLC

Vincenzo LoCricchio and Enterprise Brokers are proud to announce that they have been retained as the exclusive Florida Franchise development arm of Zippy Shell USA, LLC.

About Zippy Shell USA LLC.; History
Founded in 2006 in Australia, Zippy Shell was designed to provide a more convenient self storage solution to customers, and provide a more efficient system for mobile self storage operators. Zippy Shell has pioneered the concept of a fully branded mobile self storage service allowing for a broader distribution network through real estate brokers and other key channels. By providing mobile storage service inside a registered vehicle, Zippy Shell can provide service to a broader range of customers with greater security than other mobile self storage operators that rely on unregistered containers or wooden boxes.
With a global patents pending, Zippy Shell is poised to provide end-to-end mobile storage solutions around the world.
There is a short video on http://www.zippyshell.com/index.php that demonstrates this unique mobile storage system.
For more information about opportunities with Zippy Shell, contact Vincenzo LoCricchio Jr. 813 690-0109 vlocricchio@zippyshell.com.
About Vincenzo LoCricchio and Enterprise Brokers, Inc.
Enterprise Brokers was founded in 2004 by Vince LoCricchio after having been involved in business brokerage, Mergers & Acquisitions, Franchise Sales and Re-Sales since 1994  including 5 years as Senior Director of Business Development / M&A and Franchise Sales for the largest consumer franchisor in the world. We are experts in franchise sales re-sales and development.

Vincenzo LoCricchio
(813) 690-0109
President Broker
Vince@EnterpriseBrokers.com
www.EnterpriseBrokers.com  

 
Vincenzo LoCricchio
(813) 690-0109
Director Franchise Development
Southeast Region
Zippy Shell USA, LLC
2500 Plaza 5, 25th Floor
Harborside Financial Center
Jersey City, NJ 07311
www.zippyshell.com   vlocricchio@zippyshell.com                
     

Small Business Jobs and Wages Tax Cut

EMBARGOED UNTIL 8:00PM EST THURSDAY, JANUARY 28, 2010

Small Business Jobs and Wages Tax Cut
In one year, our economy has come back from the brink of depression, and is now growing again. But as the President made clear in his State of the Union address, he will not be satisfied until economic growth is translating into robust job growth. Although businesses are beginning to invest and expand again, many remain reluctant to hire. In this environment, we have a unique opportunity to accelerate the pace of job growth by providing businesses – particularly America’s small businesses – with a tax cut for putting more Americans back to work. That is why the President is outlining the details of his proposed “Small Business Jobs and Wages Tax Cut.” The proposal is simple and straightforward:
• Businesses will receive a $5,000 tax credit for every net new employee that they employ in 2010. The total amount of credit will be capped at $500,000 per firm, to ensure that the majority of the benefit goes to small businesses.
• Small businesses will be reimbursed for the Social Security payroll taxes they pay on real increases in their payrolls. Specifically, firms that increase wages, expand hours or hire new workers would get a credit against the added payroll taxes that result. This bonus would be based on Social Security payrolls, so it would not apply to wage increases above the current taxable maximum of $106,800.
• Firms will be able to claim the credit on a quarterly basis, which gets money out to businesses quickly and provides an early incentive to hire and increase payrolls. Non-profits will be eligible for the credit and start-ups will be eligible for half the credit.
• The proposal is estimated to cost $33 billion.
Examples of how the Small Business Jobs and Wages Tax Cut would work:
• Tax credits for new hires. A small business that hires ten new employees in 2010 will receive a $50,000 tax credit to help offset the costs of those new hires. However, if the same small business lays off ten employees in 2010 and hires five new employees, it would receive no credit.
• Tax credits for pay raises. A small business with 50 employees that, through increased hours or higher pay, provides all of its employees a $1,000 real wage increase in 2010 will receive a $3,100 tax credit, enough to cover the Social Security payroll taxes on those increases.
• No benefits for gaming. A small business that fires 10 workers and hires 10 workers to replace them would see no net increase in employment and thus would not receive a credit. A small business that lays off 10 employees making $50,000 each and hires 20 employees making $25,000 each will receive no credit. Likewise, a small investment firm that raises salaries for its top employees from $300,000 to $350,000 will not receive a credit.
The Congressional Budget Office recently identified this type of job creation tax cut as the most effective way to help accelerate job growth of all the policy options it evaluated. The general approach has received support from a wide range of economic analysts and experts, including Morgan Stanley, the Economic Policy Institute, the Small Business Majority, Paul Krugman, Mark Zandi, and Alan Blinder.

Details of the President’s Proposed Small Business Jobs and Wages Tax Credit
President Obama’s Small Business Jobs and Wages Tax Credit is designed to provide a cost-effective, immediate jump-start to job creation and wage growth. The credit will provide American businesses with a powerful short term incentive to not only create good jobs but to increase wages and hours for Americans with jobs who face ongoing economic uncertainty in the current environment.
• A $5,000 tax credit for each net new job created in 2010. Employers would receive a tax credit of up to $5,000 against their payroll taxes for every net new employee they hire in 2010. The credit is designed to help jumpstart job growth by giving employers an incentive to add jobs or accelerate the hiring they would have done later in the future. Start-ups would be eligible for half the credit, which provides an incentive for entrepreneurship while avoiding gaming. The credit would be administered off an employer’s unemployment insurance wage base (equal to 72% of the unemployment insurance wage base increase, or $5,000 credit for each additional worker who earns at least $7,000).
• An additional tax credit to reimburse payroll taxes on increases in inflation-adjusted payrolls. Businesses will receive a bonus 6.2 percent tax credit on aggregate wages in excess of inflation – reimbursing the employer for the Social Security payroll taxes they pay on those payroll increases. This provides firms with an incentive to increase wages or work hours for existing employees as well as hire new employees at a higher wage. This wage bonus would be calculated off the Social Security payroll tax base, so firms would not get credit for increasing wages for employees making more than the current taxable maximum of $106,800.
• A cap at $500,000 per business to incentivize small business hiring. All firms with net employment increases will be eligible for these credits. But to ensure that small businesses receive the bulk of the incentive to hire, the maximum credit will be limited to $500,000 per business.
• Anti-abuse provisions to ensure that employers do not game the system. Businesses that reduce employment or payrolls in 2010 would be ineligible for both the $5,000 credit and the wage bonus. The credit would also include anti-abuse provisions designed to deny or limit the credit to employers that seek to game the system by, for example, replacing full-time employees with part-time employees. This will include limiting the maximum jobs credit amount to 25% of the increase in a firm’s Social Security payroll wage base. In addition, rules would prevent businesses from renaming themselves or merging in order to claim the credit.
• Quarterly payment option to accelerate payments to firms. Employers would have the option of receiving the tax credit on a quarterly estimated basis. This helps get money in the hands of employers earlier in the year, could help increase awareness of the credit and provides an early incentive to hire.

 If you need assistance in buying, selling, valuing a business in the Tampa Bay Area, call Vince LoCricchio at 813 690-0109. vince@EnterpriseBrokers.com

90% 7(a) Guaranty on Loans Approved for SBA Recovery Lending Programs

President Obama signed the U.S. Department of Defense (DOD) appropriations bill on Saturday, which included $125 million to continue through Feb. 28, 2010, the enhancements made possible through the American Recovery and Reinvestment Act (ARRA) to SBA's two largest loan programs.
The SBA estimates the additional funding will support $4.5 billion in small business lending. New approvals of loans with the higher guarantee and reduced fees made possible by ARRA are expected to begin by Dec. 28. Loan applications from borrowers who chose to be placed in the SBA's Recovery Loan Queue will be funded first, followed by new loan approvals beginning on or before Dec. 28. "This Administration and Congress recognize that these key programs were successful in helping jump-start the economic recovery for America's small businesses," said SBA Administrator Karen Mills. "The increased guarantee and reduced fees on SBA loans helped put more than $16.5 billion in the hands of small business owners and brought more than 1,200 lenders back to SBA loan programs. The extension of these programs through February is important to continuing our path toward recovery and will mean thousands more small business owners have access to the credit they need. "Just two weeks ago, President Obama laid out key aspects of his jobs plan, including significant ongoing support for small businesses. We will continue to work with Congress on moving those proposals forward, including extending these loan enhancements as the President has called for, to ensure that small business owners have the tools they need to drive economic growth and create jobs in communities all across the country." As part of ARRA, SBA received $730 million, which included $375 million to increase the SBA guarantee on 7(a) loans to 90 percent and to waive borrower fees on most 7(a) and 504 loans. More information about the waived fees can be found here. The funds for these programs were exhausted on Nov. 23.
SBA created the Recovery Loan Queue as part of its transition back to pre-ARRA lending on Nov. 23 because previously approved loans are sometimes canceled or never disbursed for a variety of reasons. Eligible small businesses, in consultation with their lender, could choose to be placed in the queue for possible approval of an ARRA loan if funding became available. Currently there are 1,069 loans totaling almost $530 million in the Recovery Loan Queue. The extension included in the DOD bill authorizes the higher guarantee levels through Feb. 28, 2010. The fee relief is authorized until this additional funding is exhausted or the end of the fiscal year, whichever comes first. As was the case in November, SBA will transition into a queue system as the funds start to wind down in order to ensure the maximum simulative effect of the programs and disbursement of funds.
For non-ARRA 7(a) or 504 loans funded during the transition period, this extension does not provide a retroactive guarantee or waived fees. Loans that were funded under non-ARRA terms cannot be canceled and resubmitted to take advantage of the ARRA extension provisions. This extension does not affect other SBA ARRA programs, including the America's Recovery Capital (ARC) loan program or the agency's microloans. ARRA funding still remains for both of those programs.

If you need assistance in buying, selling, valuing a business in the Tampa Bay Area, call Vince LoCricchio at 813 690-0109. vince@EnterpriseBrokers.com

Use your 401k Tax & Penalty Free (to buy your own business or franchise)

 Buy a business or start a franchise with your own money! Tax and penalty free?

Considering the cost of borrowing money at today's rates using a 401k to buy a business could literally save you hundreds of thousands of dollars. Eliminating the cost of interest by using a 401k as an equity investment would also free up monthly cash flow and improve the likely hood of business success. See below comparisons.

Learn how the funds from your current employer can help you start your own company. Tax Free use of 401k proceeds can now be used to finance a business, corporation or franchise opportunity.

No Penalties!

For most Americans their 401k represents a large portion of their net worth. What many don't realize is they can use these funds to acquire or purchase a business even before the turn 59.5 without the penalties. While SBA funding and other bank loans may be in consideration one should consider their options and weigh the closing cost involved. Sometimes using your own savings makes perfect sense. Get cash out of your 401(k) or IRA to help finance your new business, without creating a taxable event.

Say you have $100,000 in a 401(k) or IRA and take an early distribution (before age 59.5), the following taxable events would be triggered:a 20% mandatory hold-back, Federal (and state) income taxes (at higher tax rates) and a10% early withdrawal penalty.This could easily be a $45,000 tax bite.

Take early distribution                                                                         Adopt Self Directed Retirement Plan

Amount in retirement fund:                           $100,000                                     $100,000

Mandatory 20% withholding:                          $20,000                                                 0

Cash available to withdraw:                            $80,000                                     $100,000

Less ordinary income taxes (at 33%)              $33,000                                                0

Early distribution penalty (10%)                      $10,000                                                0

State income taxes                                         $2,000                                                0

Total taxes & penalties:                                 $45,000                                                0

Cost to set up transfer trust:                                                                              $5,000 estimated

 NET CASH available:                                    $55,000                  vs.                 $95,000  Self Directed Retirement Plan

With the adoption of a Self Directed Retirement Plan, you are able to convert existing retirement funds into privately-held stock in your new business. This tax-deferred trust is coupled to a replacement plan that contains special "exceptive clauses." Your new business gets the cash it needs from the sale of a portion of its stock to your trust plan. The trust is unique in that it will provide custodial services to administer non-publicly-traded stock. Go to http://401K.EnterpriseBrokers.com or Contact Vince LoCricchio @ (813) 690-0109 for more details

Methods Behind a Business Valuation

The Need and Methods Behind a Business Valuation

Introduction

Along with deciding to engage in business succession planning and finding a successor, it is necessary to value the business. A valuation is necessary whether the business is to be transferred either to an heir or third party. If the business is transferred to an heir, it is critical that the fair market value of the business be established in a well supported form. If the business is to be sold to a third party, a valuation will ensure maximum value will be achieved. A business valuation is a report written by a qualified appraiser for purposes including business succession, estate and tax planning, litigation, buy-sell situations and many other purposes including purposes which blend into each other. Given that purposes behind business valuations differ, methodologies also differ. Some methods are imposed by the Internal Revenue Code, others by common law, some by contractual agreement, and others by industry. Following is a brief discussion of different valuation methodologies.

Comparables Price

The comparable price method operates under the assumption that there are other companies comparable to the business being valued that are either publicly held or privately held that recently sold. The IRS suggests that when using this method, at least three comparable companies must be used. Once the comparables have been found, the net income, cash flow, EBITDA, and the Price/Earnings ratio is used to compute the benchmark value. The individual company values can then be weighted and an industry benchmark can then be established.

Capitalization of Earnings

The consensus among appraisers is that the capitalization of earning power is "the most important single factor in the valuation of most operating companies, such as manufacturers, merchandisers, and companies providing various services.” At the end of the life of a company, the total worth of that company can be found in the ability it had to generate earnings. This method uses historical data to project future earnings. The method goes back through five years and projects the earnings potential for up to five years, using a growth rate, present value calculation, and expected earnings figures.

Adjusted Book Value (Net Tangible Assets)

This method, also referred to as the underlying asset value method, is especially useful in valuing holding companies versus operating companies. Investment houses and real estate companies are examples of holding companies. This method is also useful for liquidation purposes because it provides the "adjusted" asset value which relates to the fair market value of assets. It is also useful in valuing capital intensive businesses that rely on their asset base to perform work and generate income. An excellent example of this is a construction company. The company's machinery is vital to their operations. This idea can be contrasted with a law practice whose income generating ability does not rest on physical assets of the firm but, rather, on personnel. The key to this method is to determine the fair market value of all useful assets versus the value as stated on the books of the company.

Excess Earnings Capacity (Goodwill)

This method is based on the theory that the value of a company is equal to the value of the net tangible assets plus the value of excess earnings (e.g.., goodwill, patents, trademarks, copyrights, etc.). Eight factors are typically considered when calculating goodwill: age of the company, employee turnover, the value of the suppliers and the products sold, market area, potential growth, inventory efficiency, company location, and banking relationships. Excess earnings attributable to intangible assets are the foundation of the value of goodwill. Once this calculation is made, the result is added to the adjusted asset value as determined above.

Present Value of Future Income Stream (Leverage Cash Flow Debt Method)

A variation of the capitalization of earnings method is referred to as the "Leveraged Debt Concept." This concept takes into consideration the fact that an outside party may leverage an acquisition of the current company and use all of the income to pay the interest on borrowed money. Currently the cash flow method is becoming more important in valuations as companies tend to “free cash”.

Net Income Residual Approach or Dividend Paying Capacity

This method looks at the income that is left over for the stockholders as it relates to a company's return on investment. Effectively, it can be referred to as the ability of the company to pay dividends to the stockholders using income that is not needed to operate the business in the future. Dividends are based on earnings after taxes as they relate to investment (stockholder's equity) at the beginning of the year. Dividends represent the after-tax earnings that are distributed to the stockholder instead of being kept in retained earnings to help finance future projects. This is a key method to determining what an investor would pay for participating in the operations of a privately held company.

Conclusion

Several methods of valuing a closely-held company have been presented in this section. Each method has its advantages and disadvantages. Furthermore, no single method provides the absolute value of a company. The appraiser must determine which method will receive the greatest weights based upon the relative importance of each method to the overall success of the company. (10-07)

This article used with the permission of Dr. Bart A. Basi. About the author: Dr. Bart A. Basi is an expert on closely held companies, an attorney, a Certified Public Accountant and the President of the Center for Financial, Legal & Tax Planning, Inc. He is a member of the American Bar Association’s Tax Committees on Closely-Held Businesses and Business Planning.

If you need assistance in buying, selling, valuaing a business in the Tampa Bay Area, call Vince LoCricchio at 813 690-0109. vince@EnterpriseBrokers.com

US Senators introduce bill to raise SBA backed 7a loan limits to $5mm

Dec 10 2009 Landrieu, Snowe Introduce Bill to Create Jobs and Increase Small Business Lending

WASHINGTON – United States Senate Committee on Small Business and Entrepreneurship Chair Mary Landrieu, D-La., and Ranking Member Olympia J. Snowe, R-Maine, today introduced legislation to increase access to capital for small businesses and help create jobs. S. 2869, the “Small Business Job Creation and Access to Capital Act of 2009” would increase the small business loan limit to as high as $5.5 million and extend for a year the fee eliminations and increased guarantee set to expire under the Recovery Act.

“Our nation’s small businesses have created 64 percent of all new jobs in the last fifteen years, yet in the last year nearly 85 percent of the jobs lost have come from small businesses,” Sen. Landrieu said. “Now that we have stabilized Wall Street, it is time to jump-start Main Street, and that begins with implementing the vital provisions within this bill. The loan limit increase could boost SBA lending by $5 billion next year alone, while the refinancing component of the bill could help save 60,000 jobs. To ensure small businesses are able to grow and continue being the job creators they have historically been, we must make these needed changes.” “The critical initiatives Chair Landrieu and I are introducing today are long overdue, and will give our nation’s entrepreneurs a greater ability to succeed and prosper,” said Ranking Member Snowe. “I have introduced legislation in both the 110th and 111th Congresses to raise the maximum size limits for SBA-backed loans, and this crucial step will give small business owners across the country an improved opportunity to grow their firms.

Additionally, by extending the authorization to temporarily provide higher loan guarantees and eliminate fees for borrowers, we are continuing our efforts to build upon what has worked well in the American Recovery and Reinvestment Act. Given the timely need to get 15.4 million unemployed Americans back to work, it is critical that we expeditiously pass this bipartisan bill to help our nation’s small businesses spur a sustained lasting, and job-filled recovery.” The Recovery Act provided $375 million to increase the guarantee on small business loans and eliminate the fees charged to borrowers. This funding supported $16.5 billion in lending to more than 40,000 small businesses, with borrowers reporting that these loans would save or create more than 450,000 jobs. Unfortunately, this money is almost completely spent and the SBA has been forced to create a waiting list for awarding the final dollars. Since the creation of this waiting list, the weekly SBA loan volume has plummeted far below its pre-Recovery Act volume. Before the Recovery Act, the average weekly loan volume for SBA loans was $114 million. Following implementation of the Recovery Act provisions, the weekly volume increased to $213 million. But in the first full week of lending following the establishment of this waiting list, only $71 million in loans were approved. The fact that this funding was exhausted faster than scheduled is a testament to its critical nature and effectiveness. As such, by extending these provisions, small businesses could be provided with $18.5 billion in loans to help grow their business and our economy. Specifically, the “Small Business Job Creation and Access to Capital Act of 2009” would: * Increase the loan limit on 7(a) loans from $2 million to $5 million; * Increase the loan limit on 504 loans from $1.5 million to $5.5 million; * Increase the loan limit on microloans from $35,000 to $50,000 and increase the maximum loan made to a microloan intermediary from $3.5 million to $5 million; * Allow the 504 loan program to refinance short-term commercial real estate debt into, long-term, fixed rate loans; * Extend the authorization to provide 90 percent guarantees on 7(a) loans and fee elimination for borrowers on 7(a) and 504 loans through December 31, 2010; and * Direct the SBA to create a website where small businesses can identify lenders in their communities. This bipartisan legislation is a result of five hearings and roundtables in the Small Business Committee this year as well as numerous meetings with small business owners. It builds off of S. 1832, the “Small Business Access to Capital Act of 2009,” and S. 1615, the “Next Step for Main Street Credit Availability Act of 2009,” legislation Senators Landrieu and Snowe have previously introduced.

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If you need assistance in buying, selling, valuing a business in the Tampa Bay Area, call Vince LoCricchio at 813 690-0109. vince@EnterpriseBrokers.com

Types of Buyers for Businesses

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Types of buyers we work with to sell your business for the most amount of money in the least amount of time.

 

 

   1. Individual Buyers, if you business is valued at less than $2mm this could be your best buyer. Congress recently raised the cap on the SBA 7a loan program to $2mm and many lenders willing to piggy back additional loan amounts. An individual with a SBA 7a loan is a cash buyer for your business. Buyers can buy with 20% down and have Loan cost, closing cost and working capital added to the loan amount. A sub category of individual foreign buyers, these are buying seeking a Visa to live and work in the USA through the E-2 Investor Treaty. These are very motivated buyers as they have a limited time to be in the USA to find a suitable business.

 

   2. Strategic Buyer, this buyer is a company, having as its goal entering new markets, increasing market share, or eliminating some element of competition. 

 

   3. Synergistic Buyer, this buyer, like the strategic type, is usually a company. The difference is that, with this buyer, the acquisition or merger flows from the complementary nature of the purchasing company and the company for sale. Synergy means that the joining of the two companies will produce more, or be worth more than just the sum of their parts.

 

   4. Industry Buyer, Sometimes known as "the buyer of last resort," this type is often an individual competitor. This buyer already knows the industry well and, therefore, does not want to pay for the expertise and knowledge of the seller. The industry buyer is interested mainly in combining facilities, consolidating overhead, and utilizing the combined sales forces. These buyers will pay for assets (but probably not what the seller thinks they are worth); they will not pay for goodwill, covenants not to compete, or consulting agreements with the seller.  There can be some cases in which the industry buyer is also a strategic buyer, with the price determined by motivation. These are those letters you keep getting from companies that are smaller than your company.

 

   5. Investment Groups, Most in evidence of all the buyer types, Investment Groups are influenced by a demonstrated return on investment, coupled with their ability to get financing on as large a portion of the purchase price as possible.  Working on the theory that debt is the lowest cost of capital, these buyers purchase businesses with the sole purpose of making the maximum amount of money with the least amount of their capital invested. They are looking for a high cash on cash return and for businesses that are not an extension of the current owner.

 

Each type of buyer has distinctive characteristics that correlate to the motivation behind the purchase of a particular company.  In addition, the price each is willing to pay for a company is directly proportional to the motive.

 

The relative sizes of acquisitions by different buyer types (compressed into their broader categories), is shown in the accompanying chart:

 

Type of Buyer              Less than $3 million      $3 to 10 million $10 million+

 

Individuals                    44%                             26%                             4%

 

Public Companies         28%                             21%                             17%

 

Private Companies        11%                             14%                             14%

 

Investment Groups        17%                             29%                             18%

New SBA Changes to go into Effect October 1, 2009

New SBA Changes to go into Effect October 1, 2009

If you have been following the changes that the Small Business Association (SBA) has made to its SOP like I have, you would be hard pressed to see any good news on the horizon. The changes have resulted in businesses having difficulty securing funding, especially funding to put toward a business acquisition. The result was that loan activity was down 70% so the SBA agreed to review its changes and decided to put amended changes into effect on October 1, 2009.

 One of the major amendments has to do with the policies that affect the financing of goodwill. The SBA’s changes that were announced in March said that only 50% of a 7(a) loan could go toward financing goodwill, and that 50% could not exceed $250,000. The recent amendments say that if the value of a business’s goodwill is less than $500,000, 100% of a loan can go toward financing it, with no restriction. If the amount of goodwill exceeds $500,000, a lender may still finance 100% of goodwill as long as the purchaser agrees to put at least 25% of the purchase value into the transaction as equity.
The underwriting rules are still stringent, and that provides an extra set of eye’s looking at the deal.
This new SOP is great news for both buyers and sellers of businesses that qualify for this type of financing.

Vending Business, Home Based in Davis Islands is Sold!

Davis Islands, Tampa  -  The commercial at Vending Business, Home Based has been sold.

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Snack & Soda Vending Route in Brandon is Sold!

Brandon, Hillsborough County  -  The commercial at Snack & Soda Vending Route has been sold.

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Westshore Area Near Tampa Airport in West Tampa is Sold!

West Tampa, Tampa  -  The commercial at Westshore Area Near Tampa Airport has been sold.

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Commercial For Sale in Embassy Hills

Bottle Club only open 10 hrs per week

• 3,200 sq. ft. commercial "Business Only" - MLS® #BBF-8780330   $150,000 - 150k with 100k dn

Embassy Hills, Port Richey  -  Bottle Club, Only Open 10 hrs a Week, Rare License

Financial Information
Asking: $150,000
Gross: $100,000
Cash Flow: $50,508 Pro-Forma
Furniture, Fixtures & Equipment: $70,000
Financing: Seller will carry $50k for 3 yrs to qualified buyer

Summary Description
17 years in biz, same owner, money making bottle club. License is rare, no more being issued. Open 10 hrs week, 3200 sq ft 200+ seats, full kitchen with hood could be used for banquets, weddings, private functions. Large dance floor, all equipment stays including 2 disc jockey stations. Adult use permit for dancing, that current owner doesn’t use. Big upside to expand hrs, and hold banquets. There’s only a handful of these in the Tampa Bay Area.

General Information
Facilities: 3200 sq ft on Main Hwy, beautiful facility,220 seats, fully equipped kitchen with hood not being used. Dance floor, VIP Rooms, large bar, game room, this place has to be seen to be believed!
Competition: Only 2 of these Bottle Club Licenses left in the county and no more are being issued. Very rare business opportunity.
Growth and Expansion: Seller is 67 and tired, and the place is only open 10 hours a week, the new could expand hours to do banquets, weddings, bridal showers, or could use the Adult Dancing license the current owner is not to increase sales.
Support/Training: Seller will stay for 30 days at Zero cost.
Reason Selling: Retiring after 17 yrs in this money making business
Year Established: 1989
Employees: 4

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Sports Bar Downtown Tampa in Hillsborough County is Sold!

Hillsborough County, Florida  -  The commercial at Sports Bar Downtown Tampa has been sold.

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