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- RE: Profitable Established Bar
- Contact: Randy Shurbet
Quick Facts
| Asking Price: | $1,240,000 | |
| Annual Revenue: | $480,000 | |
| Net Profit: | $125,000 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $125,000 | |
| Real Estate: | $670,000 | |
| Year Established: | 2023 | |
| Employees: | 7 | |
| BBN Listing #: | 995191 | |
| Broker Reference #: | 71225 |
Business Overview:
A great opportunity to acquire an established profitable, attractive popular bar located in a major college town. The business has operated for 3.5 years, and the owner is selling due to other business interests. The business has grown each year in business and is projected to end 2025 over $500,000 in gross revenue. The property is over 100 years old but has totally been restored with new electrical, plumbing and the walls back to the original brick. This is truly a beautiful venue and there are 42 self-pour taps along with a liquor bar. The business is open from 6:00 pm to 11:00 pm on Wednesday and Thursday, and 6:00 pm to 12:00 pm on Friday and Saturday from 2:00 pm to 12:00 pm. There is live entertainment on Friday and Saturday and there is something on all the other days such as karaoke, open mike, and trivia. The profit in 2024 was in excess of $170,000.00. The addition of food would take this business over the top with estimated total food and alcohol sales of over $800,000.00.Â
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Property Features and Assets:
This property is over 100 years old and was the location of the apothecary in the town for most of the years. The building has been restored with the walls are back to the original brick. There is new electrical, and plumbing in the building and the business has earned a 100 from the health department. This is a turnkey sale and all furniture, fixtures and equipment go with the sale. If the owner financing is used by a buyer, then the assets of the building will be attached to the Seller until paid in full.Â
Market Competition and Expansion:
There is very little competition for this business at the level of this type. This is the only self pour beer and wine tap in the area and is the most popular venue in town. The addition of food would project taking this business well over $800,000.00 in gross revenue annually.Â
Reason for Selling:
Other business interests. Kindly ask the seller for more information.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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