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. Open 7 days per week, the owner works 15 hours/week hands during 3 day shifts. The remainder is overseen by bartender staff, paid $10/hr, and total employee hours averages 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.

General Info

  • OrganizationContact For Info
  • Established2008
  • Current Owner2008
  • EmployeesContact For Info
  • Reason For SaleRetirement

Facilities

  • Seating1,760
  • Square Feet1,760
  • ParkingPrivate lot, street
  • LicensesBusiness, ABC Type 48 Liquor License
  • Open HoursDaily 9a-2a

Lease

  • Rent$3,250
  • ExpirationNew 5 year lease
  • Yearly IncreaseContact For Info
  • Option5 years
  • DepositContact For Info

Financials

  • Monthly Revenue$30,000
  • Monthly Cash Flow$8,000
  • Annual Revenue$360,000
  • Annual Cash Flow$96,000
  • 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.

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