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Business for Sale Summary

Established Local Bar - 28224

Business Type: retailing businesses,misc. retail/non-classifiable,other eating & drinking places,service businesses,wholesale/dist businesses,special situations,bar/tavern/night clubs
Established Local Bar
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This business has received 60 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $90,000 Down Payment $70,000
Gross Revenues $96,000 Lease Remaining Register Free to View
Owner’s Cash Flow $29,000 Number of FT Employees Register Free to View


$70,000 Down and Seller will discuss with qualified buyer

Business Description

Nice local bar that serves only beer & liquor but has a kitchen that is currently not being used. Property sits on a main street with lots of traffic in a residential neighborhood with some commercial business right in the neighborhood. The bar is clean and offers a nice patio and pool tables. No food is currently being served but the bar is furnished with a full kitchen that is just waiting to be put to use. The bar is currently open on Fri - Sat - Sun and the next owner could easily increase profits by expanding the hours and opening up the kitchen, the current owner has not done this because they just don't have the time. The bar also offers lotto - keno and pull tabs, has a juke box, ATM machine and TV's. The current owner also owns the property and the next owner of the bar will have the option of also purchasing the property now or in the future. If the next owner chooses to lease the property than the rent will be a very low $1100 a month. All this opportunity needs is the right owner to give this bar some TLC, open the kitchen and expand the hours and turn this bar into a bar/restaurant and take it to an elite level and double or triple the profits. Don't let this opportunity pass you by, take a closer look. The current owner is willing to negotiate the price and down payment with the right buyer.

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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.