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

Listing ID - 01985460NK

Cocktail bar, long established , Type 48 license, short hours

Nice area with low rent with 10 year lease - Has outside patio

Seller has spent $100,000 in capital improvements to improve the business

2 story facility with 2 pool tables, very spacious!

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

Seller financing available to qualified buyer - Note Amount: $300,000 / 7% Rate / 48 Payments of $7,184

Down Payment: $375,000

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