#6 SPORTS BAR-JUST REDUCED Business For Sale in PHOENIX, Arizona

#6 SPORTS BAR-JUST REDUCED

Asking Price:	$160,000	Inventory:	$6,000 **
Gross Revenue:	$264,000	Real Estate:	n/a
Cash Flow:	$51,000	FF&E:	$100,000 ++
++ included in the asking price not** included in the asking price

SELLER ASKING $80,000 DOWN AND WILL FINANCE THE BALANCE. WELL ESTABLISHED AND WELL ORGANIZED CLEAN NEIGHBORHOOD BAR. BAR IS IN GOOD AREA IN A STRIP CENTER ON A MAJOR EAST-WEST ARTERY. POOL AND DARTS TOURNAMENTS POPULAR. USE PERMIT IS IN PLACE FOR LIVE ENTERTAINMENT. WALK-IN COOLER IN PLACE NEXT TO BAR AND HAS SATELLITE TV ALONG WITH 9 TV'S. #6 LIQUOR LICENSE WORTH $95,000 IS INCLUDED IN THE PURCHASE PRICE. SELLER WILL CASH OUT FOR A NEGOTIATED PRICE.

About the Business

Year Established:1982

Employees:5 part time

Facilities:3200 SQUARE FEET LEASED AT 4400 PER MONTH. LEASE EXPIRES 4/30/2013 AND HAS ONE 5 YEAR OPTION.

About the Sale

Management Training and Support:SELLER WILL TRAIN BUYER FOR ONE WEEK AT NO COST TO BUYER.

Reason For Selling:OTHER INTEREST.

Seller Financing:SELLER WILL FINANCE BALANCE OF $80,000 AMORTIZED OVER 5 YEARS AT 7% INTEREST AMOUNTING TO $1584 PER MONTH.

KEYWORDS: BAR, LOUNGE, LIQUOR, COCKTAIL, COCKTAILS, TAVERN, SPORTS BAR, ARIZONA, PHOENIX

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You can increase your chances of success in buying a business by improving how you communicate with sellers and/or business brokers. It's important to understand that good businesses receive many inquiries through BizQuest, and sellers/brokers are always more inclined to work with buyers who present themselves as serious, motivated, and educated about the buying a business process.

Business brokers will typically require that you sign a confidentiality or non-disclosure agreement (NDA) prior to providing more detailed information about the business.. They will also want to know a bit about you: how serious you are about buying a business, what your financial picture looks like, your time horizon to buy a business, etc.

Because of this, it's best to not ask for detailed information about the business just yet. An effective inquiry that's sure to be taken seriously would be something similar to this:

"I am interested in this business. Please send me the necessary non-disclosure and any additional documents to complete so we can discuss it further."

For more on this subject, see this posting from the BizQuest Blog.

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Business Listed By
MARY ZORDAN JANCO WEST BUSINESS BROKERS View All of My Listings


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