This business has been pre-qualified for a $674,300 SBA loan so only $224,000 down will be required with this loan. The piano bar which is in a highly visible strong location has been in business for many years and had a successful history of increased sales and profits throughout the years. There is a main bar area which includes a bar with 12 bar stools, a piano bar and an additional bar lounge. The interior has a warm friendly feeling and there are high ceilings which gives the bar a feeling of spaciousness. Although the legal seating capacity is 49 the bar can hold a significantly larger crowd than this number. Some of the equipment includes as follows: 3 door under counter refrigerator, 1 door under counter refrigerator, 2 door under counter refrigerator, 2 ice bin, ice maker and 3 compartment sink, etc. There is a unisex ADA bathroom, an employee bathroom, storage area and office area. There is upside for increased hours of operation as the business only operates 8 hours day. There is a long term lease with reasonable rent and the rent also includes water and garbage. NO BROKER COOP.

General Info

  • OrganizationContact For Info
  • EstablishedContact For Info
  • Current OwnerContact For Info
  • EmployeesContact For Info
  • Reason For SaleOther Interests

Facilities

  • Seating49+
  • Square Feet2000
  • ParkingStreet
  • LicensesABC Type 48 License, Business
  • Open Hours7 / 4p - 1:30a

Lease

  • Rent6578
  • Expiration2/28/2022
  • Yearly IncreaseContact For Info
  • Option2 Five Year Options
  • DepositContact For Info

Financials

  • Monthly Revenue77250
  • Monthly Cash Flow21583
  • Annual Revenue927,000
  • Annual Cash Flow258996
  • PayrollContact For Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

Location