This well established business has been around for decades. It is a rare opportunity to be able to purchase an established bar with a Type 48 ABC license with a one bedroom apartment including the real estate. There is a long bar that accommodates approximately 16 bar stools, a lounge area with tables and chairs and fire place, a game area with pool tables and other games. There is also a liquor storeroom, 2 restrooms and kitchen area. Upstairs is a full size one bedroom apartment and there are some parking spaces. The interior is unique per the photos attached and there is a high ceiling. Some of the equipment includes as follows: 2 NCR 1800 cash registers, 2 TV's 3 door under counter refrigerator + 8 taps, 2 ice bins, 3 compartment sink, 3 door under counter refrigerator, 3 full door refrigerator, ice machine and 2 compartment sink, etc. The apartment has a kitchen, living room, full bath including bath and shower and large size bedroom. The business is temporarily closed as the ABC license has been suspended for 40 days due to a drug incident. The suspension will end as of late January. and the buyer will have a clean ABC license once the escrow closes and the license transfers. The pool table, jute box and games are owned by an outside vendor and the revenue on these items are split 50/50.

General Info

  • OrganizationLLC
  • EstablishedContact For Info
  • Current OwnerContact For Info
  • EmployeesContact For Info
  • Reason For SaleRetirement

Facilities

  • Seatingapprox. 87
  • Square Feet1958 Building; 2178 Lot
  • ParkingStreet
  • LicensesContact For Info
  • Open Hours7 / Noon to 1:45a when open

Lease

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

Financials

  • Monthly Revenue$43,167
  • Monthly Cash Flow$8,750
  • Annual Revenue$518,000
  • Annual Cash Flow$105,000
  • Payroll$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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