Originally built in 1870 and completely retrofitted and updated in 2020 while maintaining it's unique character. This Beautiful Pub includes the Bar, Dining Room, Patio and Banquet Room all Brimming with Character and Charm with a total of 290 seats on 2 floors. 7,000 sq ft of total indoor space plus a large patio and a ABC Type 47 Hard Liquor License included with the sale. This is absentee owner operated with over $2million in annual sales making nearly $350,000 profit. $500,000 was spent on renovations in 2020, just prior to the pandemic so everything is virtually brand new. Fully fitted kitchen, some of the equipment to include; Walk-in, 8 burner stove, flattop, 2 double fryers, multiple ovens. 70 seat banquet room lends itself so well to the wedding and event markets which are now returning strong, while the total character of the bar and dining room makes this amazing opportunity a wonderful acquisition to enjoy the future growth potential. Good books & records with verifiable financials and a full complement of management & employees in place. To receive more information and discuss this opportunity with the broker, please complete the 'Non-Disclosure Agreement' on our website and we'll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We'll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.

General Info

  • OrganizationLLC
  • Established1985
  • Current Owner2020
  • Employees45
  • Reason For SaleOther Interests

Facilities

  • SeatingBar 50-Patio 50-Dining room 120-Banquet room 70
  • Square Feet7,000
  • ParkingParking lot and street
  • LicensesABC Type 47, Health & Business
  • Open HoursMon & Tue Closed - Wed 4:00 PM - 8:30 PM Thu 4:00 PM - 8:30 PM Fri 11:00 AM - 9:30 PM Sat 11:00 AM - 9:30 PM Sun 10:00 AM - 8:00 PM

Lease

  • Rent$5,500
  • Expiration2024
  • Yearly Increase2%
  • Option5 Yr Option
  • Deposit$5,500

Financials

  • Monthly Revenue$170,510
  • Monthly Cash Flow$28,900
  • Annual Revenue$2,046,124
  • Annual Cash Flow$346,798
  • Payroll51,227

Financing

  • Down PaymentContact For Info
  • Note BalanceContact 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