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Asking Price:	$980,000 USD USA Dollars
Business for Sale Industry:	Food & Beverage: Bars, Clubs, Nightspots
Reason for Selling:	Health Reasons
Year Established:	1970
Yearly Revenues:	$438,141
Yearly Cash Flow:	$145,603

Business for Sale Overview:

Bar/Rest/Package running absentee owner since 2005. Kitchen rented for $700 per month, expires 6/08. $12,000 is jukebox and gaming revenue. First floor has large bar, small booth seating area, kitchen, take out beer wall, small bar tables with gaming machines. Floor 2 has cathedral ceilings, steps up from bar area would make a great open deck eating area. Great room has hardwood, private room, bar, washer/dryer. Appraisal 9/06 $1,545,000. Real Estate $1,270,000 Liq License $275,000. Need only $196,000 Downpayment

Property Features and Assets:

Bar, Restaurant, Package Goods is 5,400 Square Feet with seating for 298, parking for 15. Lot is 90x100.

Market Competition and Expansion:

Bar, Restaurant and Package Goods business has second floor that can be expanded. It has cathedral ceilings, hardwood, large bathroom with washer and dryer. This room has unlimited potential. It could be converted to a lounge, gameroom, bar, dining room, dance room, pool room or rental apartment.

Additional Details:

• The property is owned.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.