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Business For Sale
ECORSE TAVERN
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Asking Price: |
$149,000
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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Retirement because of health reasons |
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Year Established:
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1984 |
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# of Employees:
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3 |
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Yearly Revenues:
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$72,000 |
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Yearly Cash Flow:
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$20,000 |
Business for Sale Overview:
The Company is a classic bar & grill that has been operated by the present owner in the same high-profile location for close to twenty five years. It is a landmark in the area and has maintained a loyal following for years. A grill with a hood was installed a few years ago but never used, so at present there are no food sales. Additional revenues are derived from video games. There is also an untapped monthly income source from two apartments above the bar. They haven’t been lived in for a few years but could be cleaned up and made available as rentals without much work. The real estate and liquor license are included in the sale price. The current owner is an absentee owner. The bar is nowhere near the numbers it could do if someone dedicated themselves to treating it as a business. Owner will provide financing for qualified buyers with a minimum of $50,000 down.
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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