This business has been pre-approved for an SBA loan which means with as little as ten percent (10%) to fifteen percent (15%) down payment SBA will finance the remainder of the sales price subject to the buyer becoming pre-qualified by SBA. This long established cocktail lounge is a fixture in the neighborhood with a strong base of regular customers. There is a long bar area with approximately 10 bar stools and an additional area that has 8 bar stools. There is a homey comfortable bar lounge with a fireplace and a combination of banquette seating, stand up bar height tables and tables and chairs. There are video games, pool tables and large flat screen TV's mounted throughout the facility. Some of the major equipment includes as follows: 2 door + 3 door under counter refrigerators each containing 4 taps on top, 2 ice bins, 3 compartment sink, surveillance system, sound system with numerous speakers throughout the facility, 3 door under counter refrigerator, ice machine (rented), 2 door under counter refrigerator, under counter refrigerator, safe, microwave, mop sink and full door glass refrigerator. There are also 2 restrooms and a storage area.

General Info

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

Facilities

  • Seating100 approximately
  • Square Feet2,489
  • ParkingParking lot
  • LicensesBusiness, ABC Type 48
  • Open Hours7: M-SA 10a-2a; Sun Noon-2a

Lease

  • Rent$9,800
  • ExpirationNegotiable
  • Yearly IncreaseNegotiable
  • OptionNegotiable
  • DepositContact For Info

Financials

  • Monthly Revenue$70,416
  • Monthly Cash Flow$20,248
  • Annual Revenue$845,003
  • Annual Cash Flow$242,979
  • PayrollContact for Info

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.

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