Landmark Bar w/Real Estate

New Bedford, MA
Bristol County


Asking Price: Annual Revenue:
$635,000 Not Disclosed

Food & Beverage: Bars, Clubs, Nightspots


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RE: Landmark Bar w/Real Estate Broker: Kevin A. Nery

Quick Facts

Asking Price: $635,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $35,000
Real Estate: $525,000
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 16935713
Broker Reference #: 19877

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Business Overview:

This popular bar has been around for decades and has been completely renovated. Steady neighborhood clientele with locals, local workers, college students, tourists, sports groups, etc. Permit for 54 seats, bar, booth and counter seats. Offered with the real estate which also includes a rental apartment unit.

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Property Features and Assets:

Two story building overlooking the New Bedford harbor. Bar occupies 1,662 square feet on the first floor with two restrooms and a small kitchen. The second floor contains a rental unit consisting of two bedrooms, a kitchen, a bathroom, a den and storage. A third-floor unit is unfinished. There is plenty of on street parking. The real estate ($525,000) is included in the asking price.

Market Competition and Expansion:

Bringing back food to the mix would be a welcome addition for the patrons.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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