Well known & maintained bar/restaurant located in Greater Wilkes-Barre PA area. Features a **modern** interior with designated areas for bar, live entertainment, and game room. Second floor apartments offer additional stable rent revenue or buyer's home accommodation. NOTE: Anyone inquiring can phone business broker to discuss in general this business opportunity but no name or address will be provided during phone call. Qualified buyer prospects can arrange a tour of the property provided they can show one or more of the following: 1) A bank letter of credit 2) A credit score rated good or better 3) A bank statement showing cash balance acceptable to broker PRIOR to appointment. The business and property is for sale and as such is not available for "take over, tryout, or short term lease".
About the Business
Hanover Township, Pennsylvania
Number of Employees:
Building Sq. Ft.:
Bar equipped with full kitchen & cooking area exterior ventilation system. Cellar storage along with additional refrigeration coolers above & below ground level.
Growth & Expansion:
Keno & gambling machines can be added to game room.
Asking Price: $395,000 Gross Revenue: $300,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed FF&E: $80,000 included in asking priceReal Estate: $295,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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. See our
full Terms & Conditions.