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Asking Price$99,000
Revenue$270,000 Established1967
Cash Flow$95,200 Employees2 full, 3 part
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Great Local Bar w/ Kitchen and Patio. **MAJOR PRICE REDUCTION** This local bar and restaurant offers 2200 sq. ft. of space (plus a fully permitted outdoor patio that can handle an additional 40-50 patrons), and a fully equipped kitchen. Under the current owner, the kitchen is rarely ever used. The location is currently open 7 days from 12noon - 4am. They have a legal occupancy of 75, but have had events with over 300 patrons. They have a parking lot in front of the building. The lease has 10 years remaining with only 3% annual increases. Rent is $5,495/mth. (incl. taxes and maintenance). The business has been here for over 50 yrs. In the past year, the business grossed approx. $287,000.00 with a Net Income of approx. $97,000.00. The owner is selling as he owns a few other locations and does have enough time to run this location. We are seeking a serious and financially qualified buyer with at least $100K in liquid funds to cover the downpayment and rent security. If you meet this criteria, please call 1-877-735-5224.
Seller Financing:99,000.00 Down & Possible.
Sale Reason:Owns a few other bar/rest.
Ad #87897
Seller Reference #28722
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Contact This Seller
Melvin L. Vaz
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