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Asking Price:	$715,000 USD USA Dollars
Business for Sale Industry:	Food & Beverage: Bars, Clubs, Nightspots
Reason for Selling:	Owner wishes to retire.
Year Established:	1994
# of Employees:	3
Yearly Gross Income:	$258,000 sales & 20,800 rent

Business for Sale Overview:

This is a busy neighborhood bar and lottery with 2 apartments upstairs. Each apartment rents for $200 per week. The business and real estate can be purchased for $715,000. Business only will sell for $275,000. The liquor license is a 7 day on-off from 6:00AM-2:00AM. The tavern business is good and lottery is strong. More information is available on the business and real estate. Support/Training: The owner will provide training in all facets of the business. Year Established: 1994.

Property Features and Assets:

Built in 1920; 3,349 total square feet; generally good condition; zoned B2-2; Bar on 1 st floor, 2 apartments on 2nd and 3rd. Tavern License is 7 day BWL on/off (no food required); strong lottery; Seller will also consider selling the business only for $275,000; with rent of $1,500 per month. NNN for the first floor.

Market Competition and Expansion:

The business is in an area that has seen a great deal of recent redevelopment, and has a steady loyal clientele.

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.