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RE:  Established Walnut Creek Cocktail Lounge Contact:  Steve Zimmerman
License #: 01310250

Quick Facts

Asking Price: $695,000
Annual Revenue: $845,003
Net Profit: Not Disclosed
Cash Flow: $242,979
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 176811533
Broker Reference #: 4507

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Business Overview:

Established Walnut Creek Cocktail Lounge, $845,000 Sales, $242,979 Profit, SBA Pre-Approved Loan

RRC# 4507
Location: Walnut Creek

This business has been pre-approved for an SBA loan which means with as little as ten percent (10%) to fifteen percent (15%) down payment SBA will finance the remainder of the sales price subject to the buyer becoming pre-qualified by SBA. This long established cocktail lounge is a fixture in the neighborhood with a strong base of regular customers. There is a long bar area with approximately 10 bar stools and an additional area that has 8 bar stools. There is a homey comfortable bar lounge with a fireplace and a combination of banquette seating, stand up bar height tables and tables and chairs. There are video games, pool tables and large flat screen TV's mounted throughout the facility. Some of the major equipment includes as follows: 2 door 3 door under counter refrigerators each containing 4 taps on top, 2 ice bins, 3 compartment sink, surveillance system, sound system with numerous speakers throughout the facility, 3 door under counter refrigerator, ice machine (rented), 2 door under counter refrigerator, under counter refrigerator, safe, microwave, mop sink and full door glass refrigerator. There are also 2 restrooms and a storage area.

Financial Information:
Monthly Revenue: $70,416
Monthly Cash Flow: $20,248
Annual Revenue: $845,003
Annual Cash Flow: $242,979
Annual Payroll: Contact for Info

General Info:
Ownership: LLC
Established: Contact for Info
Employees: Contact for Info
Reason For Sale: Other Interests
Monthly Rent: $9,800
Expiration: Negotiable

Square Feet: 2,489
Seating: 100 approximately
Parking: Parking lot
Licenses: Business, ABC Type 48
Days/Hours of Operation: 7: Monday - Saturday 10a-2a; Sunday Noon-2a

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Property Features and Assets:

Square Feet: 2,489; Seating: 100 approximately; Parking: Parking lot.

Reason for Selling:

Other Interests

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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