Newly renovated HOT SPORTS BAR with DJ,100 K plus gross per month, low rent , Large parking, large seating, Very busy bar area. Established and highly profitable. down for business. Don't miss this Outstanding opportunity to cash in on a really good bar that still has room for improvement. The bar has approx 6000 sq ft with outdoor heated smoking area. Long term assignable lease at great rate. Equipped with cameras,and alarms, all equipment in good working order. Great potential for expanded menu and food potential. Experienced buyers only , 350 K down payment required.
About the Business
Number of Employees:
Building Sq. Ft.:
Fresh Remodeled two years ago. Lots of parking lease has a total of 4 (3) year options that end around 2029.
Other concerns are doing very well and would like to simplify life.
Manager run business and he is willing to stay on, otherwise sufficient training will be provided.
Ad Detail Views:
Asking Price: $775,000 Gross Revenue: Not DisclosedCash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed 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.
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