This business has been around for many years and is in one of the most desirable neighborhoods in the city. The bar is well designed and has a comfortable casual feeling with wood floors, high ceilings, hanging light fixtures and a glass frontage. There is a combination of tables and chairs, banquette seating and bar height tables and bar height chairs, a beautifully designed glass top bar and a large refrigerated wine display cellar. Some of the equipment includes as follows: 3 - 2 door undercounter refrigerators ( 1 has 2 beer taps), 3 compartment sink, custom designed wine racks, ice machine, mop sink, hand sink, convection oven, 2 electric induction burners, 2 full door refrigerator, slicer, 3 compartment sink, dishwashing sink + rinse hose, 6 employee lockers, microwave, small pizza oven, Kitchen Aide, blender and grease trap. There is upside for increased hours and if someone wanted to develop the food side of the business it is possible to install a type 1 hood as the building is only a couple of stories tall. Currently the ratio of sales is 75% alcohol sales and 25% food sales. There is also an office, storage areas and an ADA restroom.

General Info

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

Facilities

  • Seating49
  • Square Feet1,500 approx
  • ParkingStreet and public parking lots nearby
  • LicensesContact For Info
  • Open Hours7 / S-TH: 5p-10:30p; F,SA: 5p-Mid

Lease

  • Rent$7,570
  • Expiration5 years
  • Yearly IncreaseFixed increases
  • Option5 years
  • DepositContact For Info

Financials

  • Monthly Revenue$36,864
  • Monthly Cash FlowContact For Info
  • Annual Revenue$442,368
  • Annual Cash FlowContact For Info
  • Payroll$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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