Financing: $99,000.00 Down and Possible.
Reason for Selling:Owns a few other bar/rest.
Great Local Bar w/ Kitchen and Patio. **MAJOR PRICE REDUCTION** This local bar and restaurant offers 2200 sq. ft. of space
(plus a fully permitted outdoor patio that can handle an additional 40-50 patrons), and a fully equipped kitchen. Under the current owner, the kitchen is rarely ever used.
The location is currently open 7 days from 12noon - 4am. They have a legal occupancy of 75, but have had events with over 300 patrons.
They have a parking lot in front of the building. The lease has 10 years remaining with only 3% annual increases.
Rent is $5,495/mth. (incl. taxes and maintenance). The business has been here for over 50 yrs.
In the past year, the business grossed approx. $287,000.00 with a Net Income of approx. $97,000.00.
The owner is selling as he owns a few other locations and does have enough time to run this location.
We are seeking a serious and financially qualified buyer with at least $100K in liquid funds to cover the downpayment and rent security.
If you meet this criteria, please call 1-877-735-5224.
Attention Business Owners:
We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at firstname.lastname@example.org or call us at
1-877-735-5224 to discover the difference that is Vested Business Brokers.
Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.