< Previous
Result 15 of 1619 Next >
Award Winning Martini Lounge w/ Food, Entertainment & Dancing - Has Rare License & Permits in Area
| Asking Price: | $499,999 | Inventory: | $5,000 ++ |
| Gross Revenue: | Not Disclosed | Real Estate: | $650,000 ** |
| Cash Flow: | $80,000 (comments below) | FF&E: | $100,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Cash Flow Comments: this is an average over the recent years | |||
Rare Opportunity - Price Reduced for Market Conditions
CONFIDENTIAL BAR OVERVIEW Opportunity to own well known multiple award winning established (9 years) martini lounge with food, entertainment and dancing. This business was started in 2001 and enjoys a great reputation. This venue is known for its' huge martini selection, great gourmet appetizers and quality local and national live bands. A high dollar complete buildout was performed in 2000 on this stand alone 2 story with basement building. Buildout features African Mahogany, marble, granite, tile and much more. Business has a class "c" (one of 8 in the city), carry out beer and wine, sunday sales, entertainment, outdoor and dance permit (only one in entire area). Also has club keno. Open 6 days a week with limited hours and limited menu allows for much room to grow by motivated new owners. This business has been a labor of love and has returned a profit and goodtimes, but the health and family requirments of the owner forces sale. DO NOT APPROACH EMPLOYEES...Qualified buyers contact for more info...proof of funds required for showing.
About the Business
Year Established:2001
Employees:4 full time - 3 part time
Facilities:Under market value lease of $3200 nnn, for next 4 years, right of first refusal to buy. Building is stand alone with about 2600 sq foot all upgraded in 2000 (elec, mechanicals, plumbing, roof and buildout). Building structure is 1955. Building has basement, main floor and overlooking 2nd floor loft. Building is available in seperate transaction for $650,000.
Market Outlook and Competition:This is a rare license with a "one off" dance permit in the area. Business has held its own during the economic downturn and is poised for increases with new ideas, concept, longer hours, expanded menu and more.
About the Sale
Management Training and Support:Owner will stay on for 30 days to help with transition. No managment contract available. Ownership and control transfers at liquor license transfer only. If a cash sale, limited management contract avail with large non refundable deposit.
Reason For Selling:This business has been a labor of love and has returned a profit and goodtimes, but the health and family requirements of the owner forces sale.
Seller Financing:With half down, secured by real estate and approved guarantor, balance to be paid at 9%, 15 year amortization, 5 year balloon. Cash in full discount $499,999, Land Contract Price is $550,000.
Attached Files - Attachment Disclaimer
 | barforsaleoverview.doc |
KEYWORDS: bar, lounge, restaurant, martini, food, drink, entertainment, make money, cash, land contract, owner finance,
Sell Your Business | This listing has been viewed 352 times
advertisement
 |  | ||||
| |||||
 |  | ||||
| | |
|
Current Search
Industry: Food and Beverage
Segment: Bars and Taverns Next Listing: Incredible High Volume Sports Bar
| ||
| |
| | |
|
Recommended Resources
Sponsored Links
| ||
| |
| | |
|
The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
| ||
| |
