Hot Listing

Glendale / Eagle Rock Area Bar -Semi-Absentee with No Food Requirement

Asking Price$350,000

Cash Flow
$61,300

EBITDA$61,600

Gross Revenue$424,000

Inventory$5,000
Not included in asking price
FF&E$30,000
Included in asking price
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Hot Listing

Glendale / Eagle Rock Area Bar -Semi-Absentee with No Food Requirement


Asking Price$350,000

Cash Flow
$61,300

EBITDA$61,600

Gross Revenue$424,000

Inventory$5,000
Not included in asking price
FF&E$30,000
Included in asking price
Business Description
This semi-absentee operated Glendale / Eagle Rock area Type 48 Bar is in a prominent main street location with stellar street visibility. The venue is a local favorite watering hole for neighborhood patrons and visitors alike. The 15+ seat bar has plenty of bar and interior seating for patrons, a 20 beer tap system as well as a pool table, and masterful selection of mixologist crafted cocktails that have been inspired by the classics.
About the Business
Years in Operation
62
Facilities & Assets
This 1,596 square foot venue, which leases for $7k per month plus $1.2k/month in common area maintenance expense (CAM), is on secure long-term lease until 11/30/29 with options to be determined. All of the business’s furniture, fixtures, equipment (including pool tables) and Type 48 liquor license will be included. Approximately $5k in inventory will be sold at cost at close.
Market Outlook / Competition
This popular venue is a neighborhood favorite for drinks and socializing in a fun, welcoming environment. On top of its drink offerings and convivial atmosphere, the bar’s location, drink selection, ambiance and creative music offerings all help contribute to creating its loyal client base.
Opportunities for Growth
This venue boasts a customer-friendly demeanor that establishes a patron friendly vibe that exudes character. New management will likely want to carry the torch forward in the same manner that management has continued to cultivate.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
1,596
Rent
Not Disclosed
About the Sale
Seller Motivation
Retirement
Transition Support
Seller will train for 2 weeks at 20hrs per week or as negotiated.
Listing Info
ID
2401805
Listing Views
592

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Business Listed by: Ryan Clark The Veld Group

Listing ID: 2401805 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 of Use. Learn how to avoid scams.