Financing: $800,000.00 Down and Potential Financing for a Qualified Buyer. Property for sale separately through the seller for an additional $500K.
Reason for Selling:Retirement
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 owner has also recently added 6 poker machines.
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
Please call the broker Marie Goldstein for further information at 1-877-735-5224.
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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.