NOT DISCLOSED, Florida
| Asking Price |
$475,000 |
Year Established |
2014 |
|
| Annual Revenue |
$366,643 |
Reason for Selling |
Downsizing Responsibilities |
|
| Annual P/L |
$0 |
Attention |
Bob Leone |
|
| Annual Cash Flow |
$61,326 |
Listing Number |
938656 |
|
| # of Employees |
4 |
Business Category |
Food & Beverage: Bars, Clubs, Nightspots |
|
Business Overview:
20-year lease, 4-5 year options, option 1 just renewed, so 14+ years left, and a back out clause never heard of in favor of tenant.
100% ABSENTEE OPERATED BAR/4COP. All buyers must provide proof of funds and background info along with a signed NDA. This is a golden opportunity for someone looking to get into the very profitable "BAR" business. Established in 2020 during the pandemic and despite all those obstacles has developed a loyal clientele. With many amusements to keep patrons busy while they’re drinking: pool table, Juke Box, Darts, and other arcade games, these are leased machines at a 50/50 split. Limited food to keep it simple. The most coveted liquor license, the 4COP quota license, allowing full liquor & package sales and smoking inside. The establishment was formerly another bar, and this entrepreneur gutted it and started from scratch; a lot of money was spent on building it out. Many growth opportunities for a new owner: add a daily social media platform, website, Live Entertainment, additional food options, etc. It's a BAR, so the numbers are the numbers, see them as you will. The big thing here is this is 100% turnkey, and with an owner operator in place, the numbers will change quickly. Call today, this one will not last long. 100% CASH deal only. Manager works 6-8 hours a week, just to pick up money deposits. The owner orders the liquor. 2021 & 2022 Financials show overpayment on general liability insurance, and Other Amount is Amortization non-cash tax deduction. 2023 does not show the depreciation & interest expense. The 4-COP Quota liquor license value to date approximately $350,000 is fully transferable to anywhere within the county.
Property Features and Assets:
<p>Inventory: $12,000 (Included in the asking price).</p>
<p><br />Lease/Month: $4,227. Square Footage: 1,600. Building Type: End Cap Small Plaza. Terms & Options: 5 years with 3-5 year option. Expiration Date: 6/30/2025. Leasehold: $75,000.</p>
Market Competition and Expansion:
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