Owner Financing is Available!
Business Overview:
Wow talk about a diamond in the rough. This 4,250 sq. ft. Bar and Restaurant did $1.5 million in the first year which was 2010. Seats about 145 inside with another 40 seats on the patio. The rent is $6,800 monthly which includes CAM, taxes and insurance which was a little over 5% of sales.
The county was approved by the state, to sell alcohol on Sundays; which will take effect in the next few weeks. This will increase sales by at least 15%. Owner has priced this gem to sell fast at $350,000 with some financing to qualified buyers. A new Franchise would cost a lot more, than what the owner is asking.
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:
Seats about 145 inside with another 40 seats on the patio. The rent is $6,800 monthly which includes CAM, taxes and insurance which was a little over 5% of sales.
Market Competition and Expansion:
The county was approved by the state, to sell alcohol on Sundays; which will take effect in the next few weeks. This will increase sales by at least 15%.
Additional Details:
- The property is leased.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
Resources: