* Included in Asking Price
Longstanding Profitable Bar, $360k Sales, $132k Cash Flow, Type 47 Abc License- Reduced!
Asking Price: $125,000
Location: Contra Costa County, Contra Costa County, California
Yearly Revenue: $360,000
Yearly Cash Flow: $132,000
Monthly Rent: 3,250 all inclusive
This established neighborhood establishment has been operated by its hands on owner since 2008. The business generates a steady stream of sales and profit, averaging $30K sales and $8,000 monthly cash flow. The business is open 7 days per week, and the owner works 15 hours/week hands on during 3 daytime shifts. The owner''s salary plus net income for 8 months of Jan-Aug 2017 is over $86K, and on target to reach $132K by the end of the 12 months in 2017. The remainder of the operation is overseen by bartender staff, earning $10/hr, and total employee hours average about 112 hours per week. The estimated payroll cost is $4,500 month, This is a classic establishment, with the bar proper seating 14, plus an additional 25 at stool, table and couch seating, 2-pool table, ATM machine, and juke box. Approximate total of customer seating and standing capacity is in the 75 plus range. The Behind bar includes a large 3-compartment sink, speed rails, 2-multi function beverage guns, two ice well chillers, 3-door bar fridge with 3-taps, 2-door bottle fridge, 3-glass door cooler, hand sink, Jaeger machine, double floor safe, register, and 4- LCD flat screen TV''s. There is an office adjacent to the back bar with computer and surveillance camera unit, and a dedicated, locking liquor cabinet. The back of house features a large walk-in cooler, high capacity ice machine, mop sink and storage shelving units. Although very few food items are normally served, this back of house area is 90% health dept. compliant as a food prep area. This is a great upside, and the best way to expand sales & profit. Don''t let those customers get away keep them in house, by providing a simple menu of easy prepped sandwiches, tacos, hot dogs and finger foods to supplement the bar beverages. The owner''s lease is month to month, and a qualified buyer will get a new lease from the landlord and pay $3,250 rent including NNN expenses. This profitable neighborhood bar business should interest both individuals or partnerships, interested in becoming hands on owner operators.
Organization: Corporation | Year Established: 2008 | Current Owner: 2008 | Seating: 75 plus | Square Footage: 1760 | Parking: Private lot, street | Licenses Required: Business, ABC Type 48 Liquor License | Days Open/Hours: Daily 9a-2a | Reason For Sale: Retirement |
Yearly Revenues: $360,000 | Yearly Cash Flow: $132,000 |
Monthly Rent: 3,250 all inclusive | Lease Expiration: New 5 year lease | Yearly Adjustment: 4% | Lease Option: 5 years | Security Deposit: 1,000 |
Seller Reference #2777
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