Seller Aggressive! - Bar for sale Excellent condition Big upside

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Asking Price:
$55,000

Gross Revenue:
$350,000
Cash Flow:
$50,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$150,000
included in asking price

FF&E:
$275,000
included in asking price

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Business Description

The Stunning Bar is in excellent condition. Just two years old with renovations costing $250,000. All brand new Fixtures, Lighting, Equipment. The sq ft if the location is 1,224 sq ft. plus a beer garden of back yard with chairs and tables.
The lease is 12 years left. The low rent is $3,713 now and a great start for any good operator to make a lot of money. The location is very visible off 5 corners.

About the Business

Year Established:
2015
Number of Employees:
5
Real Estate:
Leased
Building Sq. Ft.:
2,600
Lease Amount/Mo.:
$3,750.00
Facilities:
The Stunning Bar is in excellent condition. Just two years old with renovations costing $250,000. All brand new Fixtures, Lighting, Equipment. The sq ft if the location is 1,224 sq ft. plus a beer garden of back yard with chairs and tables.
The lease is 12 years left. The low rent is $3,716 now and a great start for any good operator to make a lot of money. The location is very visible off 5 corners.
Market Outlook/
Competition:
very close by. But not enough bars in the area
Growth & Expansion:
Big upside for business
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About the Sale

Reason For Selling:
lost a partner
Training/Support:
Easy to run
Will show operation
Seller Financing:
yes need 50 % down

Listing Info

ID:
1338756
Ad Detail Views:
1130

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Business Listed by

Peter Pellegrini

NOI Commercial Real Estate

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