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Asking Price$150,000
Revenue$600,000 Established1975
Cash FlowUndisclosed Employees1 full, 3 part
FF&E$100,000* FranchiseNo
Inventory$6,000 RelocatableNo
Real Estate$350,000 Home-basedNo
* Included in Asking Price
The well-located Lounge was opened in 1975 and it was originally known to the Air Force Base personnel as the "Watering Hole." It is located in the Goldberg Shopping Center, in the North East part of the City of Fairfield in Central Solano County. The lounge has plenty of entertainment options, including shuffleboard, 8 dartboards and 3 pool tables. Pool and dart leagues play weekly tournaments.

The Real Estate is available for an additional $350,000. It is composed of two legally, separate, contiguous sites. Both sites measure a total of 5,949 sq. ft. The property is at a fantastic, high-traffic location across the street from the main gate to Travis Air Force Base.

The economy of Fairfield historically has been heavily dependent upon Travis, which is expected to continue to be an important military installation. Many large companies have moved into Solano County during the past several years, including Genentech, Valero Refinery and Meyer Cookware to name a few.

The city of Fairfield, and Solano County in general, has experienced steady population and economic growth during the past several years, and this is expected to continue in virtually all sectors of the economy. The strategic location between San Francisco and Sacramento, extensive transportation networks, readily available and value-priced properties, and proximity to Northern California's attractions, make this a prime location for commerce.

Required Licenses: Liquor, Health

Real Estate Number: 01731143
Competition:There are two other bars situated in the shopping center. Neither has the longevity, reputation or operating hours this lounge offer
Growth Potential:There is the opportunity to create a themed bar/lounge experience (e.g. Sports Bar). The introduction of live entertainment and/or dining might be worth trying. Effective use of social media marketing would be very beneficial for a new owner. The property has plenty of parking to accommodate growth.
Training/Support:Seller will negotiate a transition period
Seller Financing:Seller will consider some financing for a qualified buyer
Sale Reason:Retirement
Ad #96372
Seller Reference #OAKLACA001-N197
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Phillip Holt
(510) 523-0232
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