This incredible opportunity was first established in the 1950's and enjoys a loyal following. The current ownership is absentee and is engaged full time in other business interests which affords a full time, hands on operator, immediate upside potential. There is currently only limited food service and expanding the bar menu and interior remodeling would afford further upside potential. There is an under utilized covered patio which affords expansion opportunities and the lease permits the addition of a 10'x20' beer and wine storage unit within the promises. A partial list of the furniture, fixtures, and equipment included with the sale follows: Walk-in cooler; reach in beer cooler; glass freezer; wine cooler; ice machine, refrigerator-freezer, (2) pool tables including sticks, racks, and lights; (20) bar stools; (9) flat screen TV's; (6) 4 top wood tables; (18) High top wood cushioned chairs; stainless steel bar sink; stainless steel ice storage bin; Micros POS system; (2) Micros cash drawers; Micros printer; (2) stainless steel food warmers; (9) color video cameras; digital video recorder, (11) neon beer signs; misc. beer and wine glasses and utensils. The ABC 42 license restricts closing time to 12am due to the proximity of apartments and door to premises must be closed if the bar is providing recorded or live music. Do not disturb employees as they are unaware of sale. Back of the house by appointment only. Assignment of lease subject to approval by landlord

General Info

  • OrganizationContact For Info
  • Established1950's
  • Current Owner2012
  • Employees5 (PT)
  • Reason For SaleOther Interests

Facilities

  • Seating50
  • Square FeetApprox. 1100
  • ParkingOpen and unreserved.
  • LicensesABC 42, City Business Permit; County Health Permit
  • Open HoursM-F 12p-12a; Sat 2p-12a; Sun 10a-12a

Lease

  • Rent$1800 + Utilities. No NNN costs.
  • Expiration4/30/22
  • Yearly IncreaseCPI
  • OptionNone. May be negotiable with landlord.
  • Deposit$1500

Financials

  • Monthly Revenue$15,000
  • Monthly Cash FlowContact For Info
  • Annual Revenue$189,000
  • Annual Cash FlowContact For Info
  • Payroll$Contact 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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