Bar and Night Club for Sale in Philadelphia County - 26206 Business Type: other eating & drinking places,restaurant/ cafes/ diners,bar/tavern/night clubs
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Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $1,100,000 | Down Payment | $1,100,000 |
| Gross Revenues | $840,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $250,000 | Number of FT Employees | Register Free to View |
Financing
$1,100,000 Down and Potential Financing for a Qualified Buyer. Property for sale separately through the seller for an additional $500K.
Business Description
Well-established bar and club for sale. Includes liquor license, entertainment license, R liquor license, hookah license, and cabaret license, of which there are only 17 in Philadelphia.
Liquor License alone is worth 250,000. The bar is open seven days. The owner recently converted the dance area into another bar and lounge.
Recently around $350,000 was spent on improvements. The property is being sold for $500,000 directly from the owner. Owner is also considering a partnership.
The building has three floors, which are 6,400 square feet. This can be an excellent source of rental
income. Please call for further information at 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 listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.
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.
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