A local's favorite, with its ABC type 48 license and no food required. Located on a main thoroughfare with parking for 20 plus street parking. This excellent long established 2,000 sq ft bar has all the character one needs for a local's "Cheers" bar. 2 Pool table, Jukebox music, security Camera's, ample storage with bar seating for 12 plus additional high tables/chairs. Open 1pm - 1am daily producing $400,000 in annual revenue and almost $100,000 in profit with just 7 employees. Semi-Absentee Run, this is a Gem of a business and easy to operate in a superb location with stable revenues and a high adjusted net income. Please complete the 'Non Disclosure Agreement' on our site and we'll send you the name and address with the full financial information, lease & list of equipment included with the purchase. We'll also send you the Broker's contact information so you can discuss this opportunity in more detail.

General Info

  • OrganizationSole Proprietorship
  • Established1980
  • Current Owner2017
  • Employees7
  • Reason For SaleOther Interests

Facilities

  • Seating30
  • Square Feet2000
  • Parking20 + Street
  • LicensesABC Type 48, Business License & Health Permit
  • Open Hours1:00pm - 1:00am Daily

Lease

  • Rent$3,825 Inclusive NNN
  • Expiration2022
  • Yearly IncreaseContact For Info
  • Option5 year Option
  • Deposit$3,825

Financials

  • Monthly Revenue$33,000
  • Monthly Cash Flow$7,083
  • Annual Revenue$400,000
  • Annual Cash Flow$85,000
  • 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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