48 Bar with Real Estate included

Riverside, CA
Riverside County

48 Bar with Real Estate included


Asking Price: Annual Revenue:
$1,325,000 $324,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: 48 Bar with Real Estate included Broker: Andre
License #: 01774609

Quick Facts

Asking Price: $1,325,000
Annual Revenue: $324,000
Net Profit: $72,000
Cash Flow: $72,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $1,125,000
Year Established: 1980
Employees: 6
BBN Listing #: 407549686
Broker Reference #: Not Disclosed

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Business Overview:

Local bar with huge potential. Business assets are underutilized. 48 Bar with event license permit. Owner does not advertise and for years has relied on local patrons. Bar has been in business for over 30 years. Current owner has operated the business for 15 years. Business is being sold with the property. Bar has a kitchen than is not being used. On busy days or weekends, they have a lunch truck provide food to customers. Being in industrial area with its own parking makes it an excellent location to hold events. Open layout with multiple pool tables and games. Pool tables, games and juke box provides approximately $2,000 per month in extra profit.

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Property Features and Assets:

This is a stand-alone building in an industrial area. Corner location with good visibility. Ample parking and close the freeway.

Market Competition and Expansion:

Very little competition. Only 2 bars and both are almost 1 mile away.

Reason for Selling:

Retire

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.

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