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BAR & RESTAURANT #216
| Asking Price: | $425,000 | Inventory: | $27,000 ++ |
| Gross Revenue: | $339,014 | Real Estate: | $233,000 ++ |
| Cash Flow: | $72,029 | FF&E: | $235,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
The business was established in 1970 and the current owner purchased it in 2004. The current owner has chosen not to manage the bar in favor of other interests, but his leadership, reputation, and oversight has grown this bar to ten times the gross sales compared to the former owner. The current owner has adding a beautiful 24' x 16' addition with radiant heat, internet accessible video surveillance with multiple cameras, a phenomenal Bose sound system, brand new LCD tv's for viewing throughout the bar. Several streams of income are provided under one roof with the video casino, food service, video game machines, pool and darts, as well as off and on premises sales of liquor providing excellent profit margins. Gross sales of $339,014 with an adjusted cash flow of $72,029. Assets include $27,000 of Inventory, $235,000 of Equipment, Fixtures, Furnishing and Other Assets, plus Building and Property valued at $233,000. Priced at $425,000. Located in North East South Dakota. Ask for portfolio number 0216.
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