CONFIDENTIAL BUSINESS OPPORTUNITY SUMMARY

Notice: No correspondence or communication shall occur in any form to the Seller until such time that prior written permission is granted by Legacy Venture Group, Inc. specifying the person to contact.

P R E S E N T E D B Y :

LEGACY VENTURE GROUPSALES, MERGERS & ACQUISITIONS

ENCOURAGE, INSPIRE & EMPOWER GREAT PEOPLE TO TURN WORTHY DREAMS INTO VALUABLE LEGACIES.

WE SELL GREAT AMERICAN BUSINESSES!

Legacy Venture Group Business Brokers207A Robertson Street | Brandon, FL 33547

813-571-7700 | 866-633-0420 | BuyBizUSA.com

Always consult legal and accounting professional for guidance when acquiring any business. All data and information with have on the business comes from Sellers and outside resources and must be verified by each investor. Be sure to conduct thorough

due diligence and make sure the business you choose is the right fit for you.

TABLE OF CONTENTS

PURPOSE 3

CONFIDENTIALITY 3

INQUIRIES AND NEXT STEPS 4

INTRODUCTION 5

OVERVIEW / LISTING SUMMARY 5

FACILITIES 5

COMPETITION/MARKET PROS & CONS 5

GROWTH/EXPANSION/MARKETING 5

SUPPORT/TRAINING 5

REASON FOR SELLING 5

LICENSING (IF REQUIRED) 5

VISA LIKELY 6

BANK PRE QUALIFICATION 6

WHAT IS SDE? 7

WHY CONFIDENTIALITY IS A MUST 8

NON DISCLOSURE AGREEMENT 9

BUYER’S INFORMATION WORKSHEET 10

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PURPOSE

This Confidential Business Review is being furnished by Legacy Venture Group Business Broker only to those pre-screened prospective parties that have made a specific request for information regarding The Sports Bar of Tampa Bay (“the Company) with the intention of determining any interest in submitting an offer to acquire the Company and have subsequently executed a valid Confidentiality Agreement. This Confidential Business Review is intended to provide a prospective purchaser with pertinent preliminary information regarding The Sports Bar of Tampa Bay opportunity and discuss the factors that create value within the Company. Any sale will take the form of either the sale of assets with assumption of operating liabilities or the sale of stock.

CONFIDENTIALITY

This Confidential Business Review has been prepared pursuant to Legacy Venture Group Business Brokers’ engagement by The Sports Bar of Tampa Bay. This Business Review has been prepared by Legacy Venture Group Business Brokers from materials and information supplied by the clients and their management. This Confidential Business Review is being provided pursuant to a separate Confidentiality Agreement executed by a limited number of parties who may be interested in acquiring the Company.

By accepting the Confidential Business Review, the recipient(s) agrees that neither it nor its agents, representatives, directors or employees will reproduce or distribute to others said document, in whole or in part, at any time without the prior written consent of The Sports Bar of Tampa Bay or Legacy Venture Group Business Brokers and that it will keep permanently confidential all information contained herein. Furthermore recipient(s) agrees not to disclose any of this confidential information to any employee of the Company or anyone other than the potential Buyers professional advisors. This Confidential Business Review shall remain the property of Legacy Venture Group. The Company and/or Legacy Venture Group Business Brokers reserve the right to call for the return of this document at any time.

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INQUIRIES AND NEXT STEPS

Legacy Venture Group Business Brokers is acting as advisor to The Sports Bar of Tampa Bay in the proposed transaction and its fees are paid entirely by the Seller. Accordingly, please note that all inquiries and follow-up must be coordinated through Legacy Venture Group Business Brokers and its representatives.

NOTE: Whereas neither the Seller’s employees nor its customers or competitors are aware of this transaction, no contact with those in the industry or the Company is permitted without the express written consent of Legacy Venture Group Business Brokers or The Sports Bar of Tampa Bay (“the Company"). All Buyer visits will be arranged and hosted by a Legacy Venture Group Business Brokers representative.

All interested parties may be required to submit a short, non-binding term sheet detailing a preliminary deal structure. As appropriate, more detailed discussions involving the Seller and a visit will be scheduled at a later date. This process is designed to minimize wasted time for all parties.

For those not interested in this transaction, please immediately return or destroy this and any other copies of the Confidential Business Review. However, we would nonetheless appreciate your honest feedback and assessment so that we may share your insights with the Seller.

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CONFIDENTIALBUSINESS OPPORTUNITY SUMMARY

INTRODUCTION

The Sports Bar of Tampa BayMLS: 8390179

OVERVIEW / L ISTING SUMMARY

Amazing sports bar with incredible food and strong sales. Over $2.5 Million in 2016. Land is available. SBA funding will get you in for 20% to 25% and possible less if land is acquired. Own one of the best in the Tampa Bay. Get a detailed package by forwarding your Confidentiality Agreement and Photo ID along with your Buyer Worksheet. A digital format can be emailed to at your request. Call us at 813.571.7700. See forms at BuyBizUSA.com

FACILITIES

Freshly remodeled and furniture, fixtures and equipment in great shape. This place is designed for beauty as well as function. Amazing opportunity. Great kitchen with everything you need to take to the next level.

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CONFIDENTIALBUSINESS OPPORTUNITY SUMMARY

LAND AVAILABLE!!! - Way pay rent when you can own the whole thing?

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CONFIDENTIALBUSINESS OPPORTUNITY SUMMARY

COMPETITION/MARKET PROS & CONS

This place stands on its own. A must see.

GROWTH/EXPANSION/MARKETING

Already doing great with strong sales and great net profit but grow it as you like. This is a wonderful concept.

SUPPORT/TRAINING

Includes two weeks of training in asking price but can negotiate longer as needed.

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CONFIDENTIALBUSINESS OPPORTUNITY SUMMARY

STAFF

Complete and well trained staff.

HOURS OF OPERATION

Sunday to Thursday 11AM–12AMFriday & Saturday 11AM–1AM

REASON FOR SELLING

Ready to get out of business.

L ICENSING

Includes SRX license where at least 51% of sales need to be food. Full offering of alcohol, beer, and wine.

V ISA L IKELY-ABILTY FOR INTERNAITONAL BUYERS

We have had great success with our international clients – 100% who have pursued getting a visa with a business from our offices have gotten there visas since our start in 2003.

This business is likely to qualify otherwise qualified international clients to get an E2 Visa. We recommend you consult an experienced professional (often an attorney).

Investing in certain business can allow citizens of many countries to get a visa to stay in the US for a period of time. “The E-2 treaty Investor visa is one of the most popular visas used by foreign investors to own and operate a business in the United States.

Not only is the E-2 a very convenient immigration vehicle for running a company in the U.S., but it also allows spouses to work. However, E-2 visas are only available if a "treaty of commerce and navigation" or "bilateral investment treaty" exists between the U. S. and the Investor’s country of Citizenship.” See immigratetoday.com or uscis.gov for more on visas

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CONFIDENTIALBUSINESS OPPORTUNITY SUMMARY

BANK PRE QUALIFICATION

Likely – Especially with land. Even if you don’t need bank financing, it is good to know this business has lenders with the SBA willing to financing the deal. Less that 7.5% of the businesses on the marketplace today are good enough for SBA pre-qualification.

A Note Determining Discretionary Earnings (DE or SDE), also known as Owner Benefit (OB)

NOTE: Always consult with a financial professional when you are uncertain about any aspects of a business you are considering acquiring.

WHAT IS SDE?

SDE stands for Seller’s Discretionary Earnings. It is the Total Owner Benefit a business produces and is generally used for evaluating businesses with gross annual sales that are under $1,000,000. For larger business, EBITDA is more frequently use.

It is assumed with SDE that there is one (1) and ONLY one (1) full time, working manager in the business.

If, in realty, the owner is not working in the business, then the money spent on labor that could be saved with a full-time working owner should be added back to the Net Profit to get the SDE. In contrast, if multiple partners are working in the business, only partner would be considered.

The amount a capable employ (or employees) would be paid to replace the additional partner(s) would be subtracted from the reported earnings. Other items, such as Interest and Depreciation, are also added back.

See formula below:SDE Formula

Profit on Income Taxes+ Nonrecurring Expenses

- Nonrecurring Income+ Non-operating Expenses

- Non-operating Income+ Depreciation+ Amortization

+ Interest Expense+ One Owner’s Total Compensation

= SDE

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CONFIDENTIALBUSINESS OPPORTUNITY SUMMARY

*Note: this is generally used but some Sellers will insist on using their own calculations. People define Seller’s Discretionary Earnings (Owner Benefit, Adjusted Net…) in different ways. This “should” refer to the amount the Owner earns but again, without a clear definition, the formula can vary. From the International Business Brokers Association, Legacy Venture Group has gleaned the formula to assist Buyers and Seller. When looking at tax returns (remembers to request the copy of the tax returns FROM the IRS and NOT a copy the Seller has lying around) or vetted Profit and Loss Statement, you can used this general formula as well but ask the Seller for specifics as to how he or she defined the number.

Although Seller’s may choose otherwise, try to consistently use this formula when helping Seller’s determine profit. Examine each item carefully and decide if the add-back applies to all people; i.e. a Buyer might not get the same “low” price a Seller is getting for a key product that she or he buys from a relative.

Make sure all Buyers are also comparing Apples to Apples. Oft times, Sellers or their brokers are making things look as good as they can. Beware, be thoughtful, be careful.

WHY CONFIDENTIALITY IS A MUST

Occasionally people looking to buy an existing business wonder why they need to sign a Confidentiality Agreement (CA) or Non-Disclosure Agreement (NDA). Unlike other types of investments, such as franchises or investment property, where the information is freely marketed and out in the open for all to know about, privately owned businesses almost always require any prospective Buyer to sign and agree to maintain confidentiality.

There are key, essential reasons why it is so important to the owners selling their businesses. There are also benefits to the person that ends up buying a business. While there are several reasons for maintaining confidentiality one of the most important reasons is that it can be detrimental for the public to know a business is for sale.

We make a commitment to our Seller when we accept to market a listing that we will protect the confidentiality of the business. We understand that some people are hesitant about signing forms, but we hope that you will allow us to serve you and our clients selling their precious business by agreeing to maintain confidentiality by signing a CA/NDA for each listing. We care a great deal about all of our clients and appreciate your support. Feel free to call us if you have any questions.

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CONFIDENTIALBUSINESS OPPORTUNITY SUMMARY

Confidentiality Grid - The table below describes how different individuals associated with a business might be impacted by a notice of sale.

Crew They may worry about job security and look for work elsewhere, leaving you high and dry

They might have a different commitment to you and your business

Customers They may immediately start taking their business somewhere else

They may feel they are being abandoned or that your business is not doing well since you are leaving

Creditors They may start calling in debts early or stop extending credit

Chain of Suppliers

They may be reluctant to offer you breaks or special offers, saving up for the new owner to curry favor or get orders

They are in a unique relationship with your competitors and may not be committed to confidentiality

Competitors They may use the rumor of your sale to woo over your customers

They may try to hire your employees

A Confidentiality Agreement is included below. Any partners or others should sign and agree to confidentiality. This helps to protect the very business you

may be fortunate enough to purchase.Thank you.

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Non Disclosure Agreement

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8839 Business Description

Brian Stephens 813-571-7700

BUYER’S INFORMATION WORKSHEET

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