Cocktail Bar – Type 48 License – Low Rent – Limited Competition

Listing ID - 01985460NK

This long-established cocktail bar, located in a desirable area with low rent, is now available for purchase. The bar holds a 48 license and benefits from a favorable 10-year lease. It features an inviting outdoor patio, perfect for patrons to enjoy their drinks in a relaxed setting.

The current owner has invested $100,000 in capital improvements, enhancing the overall ambiance and efficiency of the business. Additionally, seller financing is available, making this a great opportunity for potential buyers. The bar operates on short hours, providing a perfect work-life balance.

The facility spans two stories and includes two pool tables, offering ample space for entertainment and social gatherings.

Major Expenses:
Rent: $2,600
Pouring Cost: 27% - $15,000
Labor: $10,500
Utilities: $900
Entertainment: $2,500
Insurance: $450

Don’t miss out on this spacious and well-maintained cocktail bar with great potential for growth!

Down Payment: $300,000

Total Sales: $720,000

Cash Flow: $109,000

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: N/A

Inventory: $7,500

Inventory Included: No

Year Established: 1995

Days & Hours of Operation: 7 Days (4pm to 2am)

Owner Hours Per Week: 20 Hours

Non-Owner Payroll: N/A

Employees: 11

Absentee Owner: No

Lease Option: 5 Years Option

Real Estate: N/A

Monthly Rent: $2,600

Type of Location: Attached

Square Footage: 2000

Reason For Sale:

Wants Large Business