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Business For Sale
BAR AND RESTAURANT
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Asking Price: |
$1,250,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Bars, Clubs, Nightspots
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Reason for Selling:
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Retiring |
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Year Established:
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1975 |
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# of Employees:
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3 full time, 4 part time |
Business for Sale Overview:
Bar and Restaurant serves breakfast, lunch and dinner. Owner Financing. Only stays open until 8:30PM Can stay open until 2am and expand bar business. Very valuable liquor license. Seller will finance $750,000 @ 6% for three years based on a 25 year amortization. This is a sleeper license worth one million.
Property Features and Assets:
Restaurant and Bar is free standing with option to buy additional lot across street for additional $125,000. Second floor could be added to building.
Market Competition and Expansion:
Bar and Restaurant serves breakfast, lunch and dinner. Same owner 25 years. Owner Financing for Business/ Liq License/Real Estate. Liquor Licence is worth 1 mil $. Seller closes 8:30 pm can stay open til 2 am. This is a sleeper. Owner runs it like a diner.
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.
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