Rare Downtown Bar Top Location Low Rent High Volume!

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Asking Price:
$198,900

Gross Revenue:
$220,000
Cash Flow:
$60,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$3,000
included in asking price

FF&E:
$65,000
included in asking price

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Business Description

Extremely Rare as this Retro bar checks all the boxes for being an amazing opportunity.
Area is poised for unlimited growth with its new partnership with the Beaches. Turn-Key operation specializing in craft beer and old school arcade games. Rent doesnt get any cheaper than this. This is a no brainier and will probably sell to the first qualified cash buyer.

*** Important*** All buyers must complete a signed NDA either the one attached our request an electronic one. There is no SBA or bank financing and buyer will have to show proof of funds for the down payment. This is designed for an owner operator.

About the Business

Location:
Clearwater, Florida
Year Established:
2018
Number of Employees:
3
Real Estate:
Leased
Building Sq. Ft.:
1,300
Rent:
$1,300.00 Per Month
Lease Expiration:
4/30/2021
Facilities:
Located on a high traffic road 10 minutes from the one of the nicest beaches in the world. Great parking behind the bar along with nice patio area perfect for outdoor events. All new plumbing, electrical and AC. Literally just open and make $$$.
Market Outlook/
Competition:
There is only one other bar on the street and this market is just beginning to take shape. The timing couldn't be any more perfect.
Growth & Expansion:
Plenty of room to add full liquor license, food items, expand the patio area with a grill, stage and awning. So much can be done to take this to another level..
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About the Sale

Reason For Selling:
Will discuss with qualified buyer in person
Training/Support:
Seller is happy to stay on for 1-2 weeks for smooth transition and introduce vendors and existing customer base.
Seller Financing:
Yes! With only 99K down seller will finance remainder @ 6% over 36 months

Listing Info

ID:
1629411
Ad Detail Views:
0

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Business Listed by

Pete Harrison

Legacy Venture Group USA, Inc.
License# SL3084740

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