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Business For Sale
ESTABLISHED & PROFITABLE BAR IN DESIRABLE LOCATION
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Asking Price: |
$239,000
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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other interests |
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Year Established:
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1998 |
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Yearly Cash Flow:
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$64,800 |
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Yearly Gross Income:
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$312,000 |
Business for Sale Overview:
IN ESCROW - Established & Profitable Bar In Desirable Location With Carry-back Option.
Location: San Francisco, San Francisco, California.
Offered at: $239,000.
Listing Description:
Located in a very desirable area of San Francisco, this is a true turn-key business opportunity. The corner location is ideal to add some expanded outside seating and increase revenue, visibility and ambiance. The "U" shaped bar creates a great back for lively conversation. Large size picture windows line one side of the building which provides light and offers a relaxed view to the outside. The bar equipment is rented and includes one 3-door and three 2-door keg fridges each with 6 taps, a 2-door under counter fridge, two 3-compartment bar sinks with ice wells, a walk-in refrigerator, large ice machine, storeroom, office area and two ADA restrooms. There is upside to increase revenue by serving sandwiches, appetizers and assorted pub type menu items. The current owner is absentee and would benefit from a hands on owner operator. Owner Will Consider A Carry-Back.
Property Features and Assets:
General Information:
Organization: Sole Proprietorship;
Year Established: 1998;
Current Owner: 1998;
# of Employees: Contact For Info;
Seating: 56 Indoor plus 18 Outdoor;
Square Foot/Size: 2,000;
Parking: Street;
License Required: Type 48;
Days Open/Hours: 4pm-2am, Daily;
Reason For Sale: Other interests.
Financial Information:
Revenue: $26,000 per month;
Cash Flow: $5,400 per month;
Current Inventory: Contact For Info;
Payroll: Contact For Info.
Lease Information:
Lease Rent: $4,882 per month;
Lease Expiration: 12/30/2013;
Yearly Adjustment: CPI, 3% minimum;
Lease Option: Negotiable;
Security Deposit: Not Available.
Financing Information:
Down Payment: $150,000;
All Cash: Contact For Info;
Note Balance: $89,000;
Rate/Term of Note: Negotiable.
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- The owner may be 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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