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Business For Sale
SPORTS BAR
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Asking Price: |
$495,000
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 |
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Year Established:
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1976 |
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# of Employees:
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11 |
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Yearly Revenues:
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$680,944 |
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Yearly Cash Flow:
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$36,199 |
Business for Sale Overview:
PRICE REDUCED! This high-energy bar/night club, offering good food, fun and plenty of football. Situated in a busy area of old town Scottsdale. This sports bar has a loyal sports following. Note: The lease is four five year options at below market rate, each five year option the rent only goes up $100 per month, final rent is $3,000 per month. The Seller is motivated after 32 years of running a bar and he wants to retire. They also serve food doing $140,000 per year and have a #6 Liquor License. Seller has large loss-carry forward and the above figures are right off the tax return.
Property Features and Assets:
3,400 square feet. Monthly Rent $2,700. Expiry: 12/31/2027. Deposit: $1,800. Note Write Up In Business Description. Located in old town Scottsdale, Arizona.
Additional Details:
- The property is leased.
- 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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