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Business for Sale Summary

Well established Lounge with Property - 27454

Business Type: retailing businesses,bar/tavern/night clubs
Well established Lounge with Property
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Financial Information (non-confidential)

General Information
Asking Price $650,000 Down Payment $0
Gross Revenues $223,316 Lease Remaining Register Free to View
Owner’s Cash Flow $78,650 Number of FT Employees Register Free to View

Financing

$0 Down and

Business Description

Well established Lounge at excellent location. Owner is selling after great 45 years in business. Centrally located at busy corner. Property includes Lounge downstairs and 4 rooms upstairs; out of which 2 are rented. Decades of solid customer base and great employees. Business has marvelous reputation. But, there is LOT MORE can be added here. Currently, business doesn't accept credit cards that should be added. It doesn't sell cigarettes or offer entertainment. Also needs to add micro beers that young crowd likes. There is a kitchen with equipment that should be used. Property has new furnace, new central air and new beer cooler. Hurry!!

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.