This is a unique opportunity of purchasing a long established bar plus a 6 room, 2 bath residential unit including the real estate. The upstairs residential unit will be delivered empty at the close of escrow so the buyer can charge current market rent which is approximately $48,000 per year. The rooms are being rented individually but it is possible to have one tenant for the entire upstairs space. The downstairs market rent should be approximately $60,000 a year so total revenue for the building should be approximately $108,000 per year. The bar has a unique entertainment format and includes a long bar with 18 bar stools and tables and chairs, There is a separate room that seats 6 and some of the equipment includes as follows: 3 compartment sink, hand sink, 3 door under counter refrigerator, ice bin, 4 door under counter refrigerator, POS system, 6 employee lockers, microwave, ice machine, mop sink and full door refrigerator/freezer, There are also 2 restrooms, liquor storeroom, office and enclosed patio. The residential unit has 6 rooms, 2 full baths, kitchen and laundry room.

General Info

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

Facilities

  • Seating49+
  • Square Feet2,076 Bar + Patio + 2,076 Residential Unit
  • ParkingStreet
  • LicensesBusiness, ABC Type 48
  • Open Hours7 / 6P to 2 A

Lease

  • RentContact for Info
  • ExpirationContact For Info
  • Yearly IncreaseContact For Info
  • OptionContact For Info
  • DepositContact For Info

Financials

  • Monthly Revenue$31,200
  • Monthly Cash Flow$6,667
  • Annual Revenue$374,702
  • Annual Cash Flow$80,000
  • 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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