Profitable & Well Located Westfair Lounge for sale

Bakersfield, CA
Kern County


Asking Price: Annual Revenue:
$455,000 Not Disclosed

Food & Beverage: Bars, Clubs, Nightspots


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RE: Profitable & Well Located Westfair Lounge for sale Broker: Carol Bennett
License #: 01186310
Owner Financing is Available!

Quick Facts

Asking Price: $455,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: ON REQUEST
Real Estate: Not Disclosed
Year Established: 1964
Employees: 4
BBN Listing #: 703655703
Broker Reference #: BAKERCA001-N995

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Business Overview:

WESTFAIR LOUNGE, BAKERSFIELD, CA - 2536 Wible Road, Bakersfield, CA 93304 This business is selling for $455,000 plus inventory.  The owner has made many upgrades and additions to this lucrative bar in upwards of $200,000.  Interested parties will complete a non-disclosure and buyer profile.  Valuable 47 Liquor license goes with the business, there are 4 employees, and the Owner is an absentee owner, other than occasional visits.  This is a cash business with excellent cashflow!  Seller financing available.  Call now to set up an appointment! Carol office 661-323-2358 x223 or cell 661-369-1516. According to IBIS World it's a $25.1 bn industry and expected annual growth worldwide is 4.7% through 2026 because it reaches consumers, and their spending is expected to increase.  Although the 2020 pandemic showed a loss, this business has come back from that loss and is only showing more growth from month to month in 2022. Real Estate is also for Sale for $680,000 ($1.25/sq ft at 3,305 sq. ft., Cap Rate of 7.3) . Outside patio is a bonus too! 10 x 50 patio has been approved through 2026 by the city. Ample parking along the street, & across street.  The additional space has 5 parking spaces.  Tenant pays $1,500/mo. without fail.   You may drive by the building, at 2536 and 2530 Wible Road, Bakersfield, CA.  Please do not ask any questions of the employees.

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Property Features and Assets:

Real Estate License ID: 01186310

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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