Business Overview:
This bar has been in operation for an amazing 52 years. In a mostly cash business, the 2010 tax return shows a solid cash flow to owner of $62,512. The proprietor is now at retirement age and ready to exit the business after years of successful ownership. The bar has a loyal following and has the additional advantage of being in an area where some refreshed marketing and promotion would significantly increase the customer base. The owner does not actively work in the bar, so a new owner operator could work as bartender and earn thousands more per year in tips. Although the bar does not currently serve food, there is a fully equipped kitchen on premises with a 6-burner commercial stove and double oven. Total size is approximately 1,700 square feet with a seating capacity of 70. Lease can be extended as desired from a very cooperative landlord. This is a turnkey opportunity to own a well established, fully equipped bar with positive cash flow from your very first day of ownership. The following numbers are taken directly from the tax returns of the business: 2009 Net Profit = $36,560 + cash flow adjustments of $3,411 = $39,971 net cash flow 2010 Net Profit = $59,476 + cash flow adjustments of $3,036 = $62,512 net cash flow To take the next step in investigating this opportunity, please contact Sunbelt Business Brokers to by email to schedule a meeting with the owner which can be arranged at your convenience.
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.
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