Business Overview:
WESTFAIR LOUNGE, BAKERSFIELD, CA - SELLER FINANCING!!
BAR, TYPE 47 Liquor License
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.? Very valuable 47 Liquor license goes with the business, there are 4 employees, and other than occasional visits, the Owner is absentee. Outside patio is a bonus too! 10 x 50 patio that has been approved through 2026 by the city.? It's used for BBQ's, Music, and various community events.? This business has excellent cashflow and the Seller will finance a portion of the sales price.? Call to set up an appointment! Call Carol's 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)
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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Reason for Selling:
Retirement
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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