Full Service Urban Bar

Not Disclosed, WA
King County

Asking Price: Annual Revenue:
$220,000 $422,850

Food & Beverage: Bars, Clubs, Nightspots

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RE: Full Service Urban Bar Broker: Claudia Smith

Quick Facts

Asking Price: $220,000
Annual Revenue: $422,850
Net Profit: Not Disclosed
Cash Flow: $127,117
Total Debt: Not Disclosed
FF&E: $3,800
Real Estate: Not Disclosed
Year Established: 2016
Employees: 8
BBN Listing #: 52104955
Broker Reference #: 8002-15204

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Business Overview:

This great business opportunity is a comfortable, stylish, urban bar located in a very popular Seattle neighborhood. With a focus on scratch-made, remarkable and unique craft cocktails served in a warm, cozy and eclectic atmosphere; this Northwest neighborhood lounge is a hot spot for affluent young professionals. Unbeatable location with great street visibility and an attractive lease. Dim lighting, antique furnishings and decor invite patrons into a funky and hip ambiance, where customers come to meet and make friends for an enjoyable experience. Sale includes over $50,000 in leasehold improvements, furniture, fixtures and equipment.

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Property Features and Assets:

The business is located in a thriving, well known and popular neighborhood known for its restaurants, coffee shops, bars and parks. The business is located on the street level of a mixed-use commercial building. The fantastic location offers great visibility to automobile and foot traffic. Dim lighting, antique furnishings and decor and a unique hand-made raw wood slab bar create a welcoming comfortable ambiance similar to stepping into a friend’s home. Over $50,000 in leasehold improvements, furniture, fixtures and equipment. There is beautiful outdoor patio seating in the summer. The lease is $2,950/month with a 5-year option to renew. Assets=$59,300.

Market Competition and Expansion:

Location, street visibility, and social media are the business's main marketing methods. They have received great PR through several news station segments and local blog and magazine features. They are also top-rated on popular online business directory websites. The business has a constantly changing and creative craft cocktail menu and seasonal snack platters that keep repeat customers coming back to try new things and referring friends to this hip urban lounge. There are several bars in close proximity to the business, however, the creative, one-of-a-kind cocktails and unique atmosphere the business provides makes this business stand out from the competition. Consumers have elevated their cocktail game, abandoning the sour-mix margaritas and chocolate syrup-loaded mudslides of the 90s in favor of signature Old-Fashioned variations and Palomas with house-infused jalapeño agave syrup. Generally speaking, tastes have evolved and there is a greater interest in craft cocktails than ever before. Cocktail culture is exciting, fresh and oh so "instagramable". Social media and Instagram specifically have encouraged bartenders to think differently and enhance the presentation of the drinks by using unique glasses and garnish. Customers expect more from their bartenders than just opening a beer and pouring a shot. What consumers are demanding are drinks they have never tried before and expect the bartender to guide these new beverage experiences. Cocktails are now trending toward new spirits, many local and small-batch that include non-traditional ingredients such as herbs and fruit. Few people choose a bar simply because of its beer. Instead, people go for the experience, the culture and the vibe. Opening the bar earlier is a great way to drive revenues. Out of the 168 hours in the week, the bar is currently only open for 37 hours. Clients have requested earlier opening hours and there is a demand to keep the bar open later on Friday and Saturday nights as well. There is also a demand to utilize the space for parties and events. The current owners accommodate requests occasionally but there is much room to grow this part of the business.

Reason for Selling:

One owner is moving out of state.

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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