Description Established Cocktail Lounge, Type 48 License, $385,000 Sales, $80,000 Profit
RRC#: 1879
Asking Price: $169,000
Location: On Busy Thoroughfare, Alameda County, California
Yearly Revenue: $384,000
Yearly Cash Flow: $80,400
Monthly Rent: $1,500
LISTING DESCRIPTION:
This is a an established bar on a major thoroughfare. There is a long bar, bar height tables and bar stools throughout, 5 large flat screen TV''s and 3 small flat screen TV''s, POS system, ice machine, mop sink, 2 utility sinks, 2 ice bins, 3 compartment sink, 6'' and 8'' beer boxes and barbeque. There are also 2 restrooms, storage rooms and office area. The pool table and juke box revenue is split 60/40 with vendor. The entertainment format is as follows: Fri & Sat DJ + bikini shows and on a couple other nights they have specialty food nights. There is upside for increased sales and profits for a full time hands on owner operator as the current owner is quasi-absentee. There is also upside for an extra day of business and extended hours during the rest of the week.
GENERAL INFORMATION:
Organization: Partnership | Square Footage: 2,000 approx | Parking: Street | Licenses Required: Business, ABC Type 48 (hard liquor) | Days Open/Hours: 6 / T-Th 4p-2a F 2p-2a, SA & S noon-2a | Reason For Sale: Other Interests |
FINANCIAL INFORMATION:
Yearly Revenues: $384,000 | Yearly Cash Flow: $80,400 |
LEASE INFORMATION:
Monthly Rent: $1,500 | Lease Expiration: 6/1/2019 | Yearly Adjustment: Fixed until 1/1/2015 |
FINANCING INFORMATION: