Business for Sale Overview:
Bar has 33 license, can be either liquor store or bar. Township just sold C Liquor. license for $751k. Sept. of '06 upgraded to 50 seat bar at cost of $150k. Band plays once a month draws 150 patrons w/ up to $5,000/night. Karaoke once a month 100 patrons. Bar does $2,500. Inside tastefully decorated w/ 8 big plasma TV’s located throughout. NFL Satellite package, Big Draw. Bar income $403k 80% markup, Food $140k 60% markup. Place does 90% cash 10% charge credit cards. Closest same style bar over 3 miles away on Route 9. Very spacious inside can do many more people on band & karaoke nights. Has room for 200+ patrons. Parking no problem w/ in mall with excess of parking. Owner says band & karaoke shows steady increase of 3-5% monthly. Makes 1.50/pack on cigarettes. Owner has option of increasing shelving to bring in more liquor store items. License & lease can be obtained separately. Projected figures. Open 8 months as bar.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Brand new everything, completely redone September 06 – spacious interior, setting for 50 plenty of area. Located near mall with ample parking 8 years remaining on lease – can get options.
Market Competition and Expansion:
Very affluent area – no competition in immediate area – scarcity of liquor license – owner would negotiate for sale of license and lease because their value. Present owner, putting monthly band + karaoke nights that have positive effect. Increasing both on a weekly basis has to bring in at least 200,000 bar income at a cost of 20%, plus added revenues for food.
Reason for Selling:
Partner dispute
Additional Details:
- The property is leased.
- The owner is willing to train/assist 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.
Resources: