Owner Financing is Available!
Business Overview:
This large bar has a very successful multi-year track record. The revenue and profits have been growing each year. And even in 2009, the numbers are holding up which validates the bar’s concept and loyal customer base. There is limited food service which could be expanded to further increase profits. The lease is extremely attractive and contains options for up to 15 years. The seller is committed to a seamless transition and will fully train a new owner in all aspects of the business. An owner-operator of this business could reasonably expect to make a net cash flow of over $160,000 per year with current volume. And this doesn’t take into account any growth plans. You could take out $60,000 to live on and pay for the business in 5 years. An SBA lender has said they would be willing to finance this opportunity for the right person with experience and a 20% down payment.
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.
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.