This is a rare opportunity to purchase a Type 48 Cocktail Lounge in a desirable corner location which has been remodeled. There is also a full kitchen with type 1 hood if someone wants to serve food which is not currently been used. The owners are also the landlord of the building. They are willing to offer a five year lease plus a five year option. The business has a long bar with 24 bar stools in the bar area and in addition there is a back lounge room which has games and lounge seating. Some of the equipment includes as follows: 2 hand sinks, 2 ice bins, 8' beer box, 3 door undercounter refrigerator + 3 taps, 2 -3 compartment sinks, 6 flat screen TV's, ice machine, 9' type 1 hood, 3' flat grill + 6 burners over 2 ovens, 2 full door refrigerators, microwave, 2 full door glass refrigerator. The jukebox and pool table are owned by an outside vendor and the revenue is split 50/50. There is upside for expanded hours as the current operator is not maximizing the operation and do zero marketing and are amateur operators. An experienced buyer could greatly increase sales. There are several storage spaces, an office space and 2 ADA restrooms. The value of the license alone is approximately $275,000 by itself. NO BROKER COOP.

General Info

  • OrganizationSole Proprietorship
  • EstablishedContact For Info
  • Current OwnerContact For Info
  • EmployeesContact For Info
  • Reason For SaleOther Interests

Facilities

  • SeatingApprox. 80+
  • Square Feet2,400
  • ParkingStreet
  • LicensesABC Type 48, Business
  • Open Hours7 / 4p-2a

Lease

  • Rent$7,500
  • Expirationnegotiable
  • Yearly IncreaseNegotiable
  • Option5 years and negotiable
  • Depositnegotiable

Financials

  • Monthly RevenueContact For Info
  • Monthly Cash FlowContact For Info
  • Annual RevenueContact For Info
  • Annual Cash FlowContact For Info
  • 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