Owners looking to sell downtown business
A downtown hot spot is for sale.
Peabody’s Sports Bar & Grille, located at 39-41 Phila St., is officially on the market for $1,250,000. The sale includes the real estate consisting of a 3,000-square-foot building and a large outdoor patio, and the business with furnishings and equipment.
Peabody’s is the winner of the area’s 2018 ‘Best Of’ Awards for Sports Bar, chicken wings, happy hour and neighborhood bar and the 2018 ‘Fab 5’ awards for best sports bar, chicken wings and happy hour.
The current owners purchased Peabody’s in 2013. They have made significant improvements to the real estate in excess of $450,000 and have grown the Peabody’s brand.
A partnership of four entrepreneurs, all with other careers and large families, have decided to sell the business.
“Peabody’s is a second or even third business commitment for all of us,” said Mike Myers, one of the four partners. “While we have all truly enjoyed growing this business into the successful entity it is today, it is time for us to let someone else take it from here.”
A press release from real estate broker JoAnn Potrzuski Cassidy of the Spa City-based Julie & Co Realty noted that in the cases of some other establishments looking to change ownership in Saratoga Springs, most are only the business and its furnishings and equipment, but the Peabody’s sale includes the real estate on Phila Street along with the business.
More information about the listing is available online at www.juliecorealty.com or by calling Potrzuski Cassidy at (518) 470-3281.