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East Louisville Bar
| Asking Price: | $165,000 | Inventory: | $5,000 ++ |
| Gross Revenue: | $192,000 (comments below) | Real Estate: | n/a |
| Cash Flow: | $51,000 (comments below) | FF&E: | $35,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: 2008 tax return | |||
| Cash Flow Comments: 2008 tax return | |||
This llandmark bar is located on a major thoroughfare in Louisville's east end. The bar has been in the same location for more than 30 years. A stable cash flow allowed the seller to be an absentee owner for the past five years. The bar price includes 6 pool tables a large screen TV. The owner recently installed 8 infrared security cameras and a new cash register. The walk-in cooler has a new compressor. The business is not required to sell food but does offer a very limited menu. Game machines, including an Internet jukebox, are not owned, but the bar earns a share of the income.
About the Business
Year Established:1978
Employees:1 full time - 3 part time
Facilities:The building is about 3000 square feet and has a net lease for $2700 per month. Floors are tile and easy to clean. Capacity is 102 though less with the pool tables in place. Parking will accomodate 30+ cars. Zoned C-2.
Market Outlook and Competition:This is a fantastic and highly visible location with good parking and should continue to be a popular site. A new owner could easily bring improvements to expand the patronage.
About the Sale
Management Training and Support:Seller will assist in a smooth transition
Reason For Selling:Owner is living more than two hours away and does not want to be concerned with the business any longer.
Seller Financing:May consider small portion
KEYWORDS: Bar, tavern, liquor, beer, mixed drinks
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State: Kentucky
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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.
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