Business Overview:
Corner neighborhood bar with 2 apartments. Lounge-bar, 40-50 seats. Price reduction! Tremendous opportunity for an entrepreneur looking to operate an own occupied Bar/Lounge. This is a corner property on a high visibility heavy traffic street. This local bar has been open since about 1917 and is currently operated by an absentee owner who has another job and who is retiring. The bar has all new equipment and has a state of the art camera system for monitoring and meter pourer system to discourage employee theft (The meter pourer system is not included). The bar business is doing well and the cash flow is good. The second floor is currently occupied by the bar manager rent free and the third floor is rented for $700 per month. The real estate is in good shape except for some cosmetic works here/there. 3 Story building plus Business plus Liquor License. Bar/Lounge on 1st Floor (storage in basement); 1 bedroom on second floor; 2 bedrooms on third floor.
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:
3,600 square feet; 2 apartments. This is a corner property on a high visibility heavy traffic street. 40-50 seats. The bar has all new equipment and has a state of the art camera system for monitoring and meter pourer system to discourage employee theft (The meter pourer system is not included).
Reason for Selling:
Absentee owner, retiring.
Additional Details:
- The property is owned.
- The owner is not 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.