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Asking Price:	$295,000 USD USA Dollars
Business for Sale Industry:	Food & Beverage: Bars, Clubs, Nightspots
Reason for Selling:	The Seller has other business interests.
Year Established:	1970
# of Employees:	4 FT
Yearly Revenues:	$475,337
Yearly Cash Flow:	$145,337
Yearly EBITDA:	$145,079
Yearly Gross Income:	$475,337

Business for Sale Overview:

This charming, warm, and congenial "Cheers" type neighborhood Ale house is located right in the middle of the booming residential and commercial growth on the E-Side. The business occupies 2,858 sq. ft. and seats 75. The business has been totally remodeled and looks like new. The current owner works only about 20 hours a week and has not done any promotion or marketing for the business. Currently, the business does not offer any pool or dart tournaments, nor does it offer a Happy Hour, or any promotional types of activities. The business is only open from 4 PM to 2 AM and it could easily increase its revenues by opening for the lunch crowd. Also, the business only accepts cash and by adding credit cards and check cashing it could attract new customers. The business has a Class H liquor license, 10 FT hood & grill, deep fat fryer, D/W, 2 Pool tables, 3 flat screen TV's and a new 10 Tap beer system. The dart game, video games and Juke Box are on a commission basis and the ATM machine produces $1 for each transaction. This is a gold mine.

Property Features and Assets:

This charming, warm, and congenial "Cheers" type neighborhood Ale house is located right in the middle of the booming residential and commercial growth on the E-Side. The business occupies 2858 sq ft and seats 75. The business has been totally remodeled and looks like new. There is a 10 FT hood & grill, deep fat fryer, D/W, 2 pool tables, 3 flat screen TV's, and a New HVAC system. There is a new 10 Tap beer system that eliminates all wastes. The total monthly Lease payment is $7,026 and the Lease runs till Oct 31, 2012 with two 5 year options.

Market Competition and Expansion:

There are no other neighborhood ale houses like this one in the area. The layout of this one invites the customers to make it a second home and a place to come relax and have a bite to eat and some drinks and play a game of pool, darts, or some video games.The current owner only works about 20 hours per week and has done very little if anything to promote the business, due to his involvement in other business ventures. Currently, the business does not offer any pool or dart tournaments, nor does it offer a Happy Hour, or any promotional types of activities. The business is only open from 4 PM to 2 AM and it could easily increase its revenues by opening for the lunch crowd. Also, the business only accepts cash and by adding credit cards and check cashing it could attract new customers.

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.