Newly Renovated Bar / Ultra Lounge
Location Florida,United States
Asking Price Range $250K - $500K
Gross Revenues $250000
Net Profit / Cash Flow $250000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2012
Number of Employees 6 - 9
Inventory 250000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training yes - 2 months
Reason for Sale Partner dispute
Description Partner dispute forces sale on this completely renovated 2500 square foot chic South Beach Style lounge. Price includes kitchen, office, complete inventory, sound and lighting in a turnkey operation. All social media marketing plans are also in place. Customers and sales are growing on a daily basis. Lounge is located on a major thoroughfare (with over 45,000 cars passing daily) leading to Fort Lauderdale Beach. Bar is located in an upper middle class neighborhood with many homes valued in excess of « million dollars. There are also hundreds of apartment complexes within a two mile radius. 13 years left on the lease, with the current rent of $ 2811.39 per month. There has been over $ 250,000.00 spent in equipment and renovations in the past year. Renovations include new electric, new plumbing, new air conditioners (3), new 150 gallon grease trap to name a few. This is a once in a lifetime deal and a must see for all investors. Sale price is $ 265,000.00 cash price (Liquor License is Not included). $ 385,000.00 with 4 COP liquor license included. You can purchase a beer and wine license for only $ 500.00 per year. Call Scott Pendleton any time at 754-245-4395.
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