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- RE: $300,000 NET Absentee-Run Bar W/ #6 License
- Contact: Mike Darmo
Quick Facts
| Asking Price: | $599,000 | |
| Annual Revenue: | $1,400,000 | |
| Net Profit: | $300,000 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $200,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | 20 | |
| BBN Listing #: | 990065 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
Hurry up this will go quick especially since it is absentee-run. This bar sits right in the heart of the Westgate Entertainment District which is very busy part of the West Valley near the Cardinals Stadium and Casino and the soon to open new large amusement park and resort and has tons of traffic as it has perfect placement in the heart of Westgate. The owner oversees the operation and the new owner should have no problem doing the same. The buildout costed over $1,000,000. You have the Final Four and the Fiesta Bowl and the Cardinals Season and Concerts in the Arena within walking distance. The Bar also boasts a wide selection of entertainment as well that bring in great revenue. The lease is amazing for being priced so well for the location and long-term with 7 years remaining and a 5 year option at only $22,000 with all CAMS included for a total of 6000 sq.ft. which is way below the market in the whole complex and area in general. This Bar has a full bar and a lots of TV'S and seating a wrap-around bar in center and seats over 150 people inside. It has been recently renovated and has a large 6000 sq.ft interior with large kitchen and bar. This is truly turn-key and this is the prime time to buy as the busy season is just beginning. All the numbers are provable through the point of sale system during the due diligence period, also the financials will be provided after an NDA is signed. Seller is offering great seller financing terms with $400,000 down and $199,000 over 5 years at 6.5%. This will go quick as all true perfect location bars with a #6 license and with the great price and with no other spaces available in Westgate.
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Property Features and Assets:
6000 Sq.ft. suite in the Heart of Westgate
Market Competition and Expansion:
Tons of room for growth with more time and online marketing and also run it yourself.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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