PROFITABLE Bar and Grill! Owner Retires! Long term lease with two (2) five (5) year options. Current base rent is $2700/month NNN until 2023 Restaurant and Bar provides a very comfortable environment where guests can sit at the bar or at table/booths to enjoy great food and beverages, along with entertainment including karaoke! The floor plan consists of a large 18 seat 30 foot long bar, 12 tables, and 4 booths surrounding a karaoke/dance/music area, The business has coin operated slot Pool Tables, ATM, California Lottery and Jukebox's that generate monthly cash! A fully equipped kitchen-prep area, with refrigeration, freezers, stoves/oven, boilers, fryers and complete venting system. The business is located in a stand-alone building of approximately 3,000 +/- SF with abundant free parking. This bar DOES include a very valuable type 47 liquor license until 2am. If owning a bar is your goal then there is nothing not to absolutely love about this business opportunity. A great location, proven cash flow and very low rent with a long-term lease ought to put this business opportunity on your short list. The businesses financials will be provided upon receipt of an executed offer to purchaser. After 31 years owner is motivated to retire!

General Info

  • OrganizationSole Proprietorship
  • Established1987
  • Current Owner1987
  • EmployeesContact For Info
  • Reason For SaleRetirement

Facilities

  • Seating120
  • Square Feet3000
  • ParkingParking lot
  • LicensesType 47
  • Open HoursContact For Info

Lease

  • Rent2700
  • ExpirationJanuary 31, 2023
  • Yearly Increasenone
  • OptionTwo (2) Five (5) Year options
  • DepositContact For Info

Financials

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

Location