Cigar Bar with Full Liquor License

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Las Olas Cigar Bar with Dual-4COP License
Asking Price:
$555,000

Gross Revenue:
$483,969
Cash Flow:
$52,317
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$100,000
included in asking price

FF&E:
$75,000
included in asking price

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Business Description

Downtown Fort Lauderdale Cigar Bar and Lounge for sale, includes 4COP, dual beverage, full liquor and tobacco quota license with package store qualifications. Noted as having one of the best cigar and whisky collections in South Florida, this lounge is complete with wall-to-wall humidors, top shelf liquor, newer FF&E, A/C and Smoke Eater. Located in the world-famous downtown shopping area of Ft. Lauderdale and being offered at an excellent long-term lease rate. Plenty of growth opportunity! SDE has been normalized. Please refer to listing number 0101-971805, business broker Tom Milana when inquiring about this listing.

About the Business

Year Established:
1991
Number of Employees:
2
Real Estate:
Leased
Building Sq. Ft.:
725
Lease Amount/Mo.:
$4,081.00
Lease Expiration:
12/31/2023
Facilities:
Located in a strip plaza
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About the Sale

Reason For Selling:
Retirement/health
Training/Support:
Seller will train for 2 weeks at no cost.
Seller Financing:
Seller will finance $155,000 at 7% for 60 months= $3,069.19

Listing Info

ID:
1481031
Ad Detail Views:
1025

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Business Listed by

Tom Milana

Transworld Business Brokers, LLC.
License# BK3199254

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Sponsoring Broker:

Andrew Cagnetta
Transworld Business Brokers, LLC.

U.S. Census Data for Broward County, FL
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Source: Decennial Census (2010), United States Census Bureau.

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