Bar With Full Liquor & Great Rent
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $480000
Net Profit / Cash Flow $156000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1991
Number of Employees 6 - 9
Inventory 5000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training 2 weeks at 20 hours / week.
Reason for Sale Retirement.
Description This Anaheim bar for sale with full liquor, no food requirement and excellent rent has been a stable earner for the past 10 years, and likely for decades. This bar presents a working owner a unique opportunity to work in an jovial environment, enjoy a 'cheers-like' customer base of 'regulars', and grow the revenues by capitalizing on the liquor license and conditional use permit which is described to have few, if any, restrictions. The bar has recently had a $15,000 drink / tap pour system installed to reduce waste, as well as a $3,500 security surveillance system installed to eliminate pilferage. The bar, whose attractive female servers draw a largely male patron base with its risque theme offers clients video games, billiards, a variety of television programs, jukebox music, and a tantalizing, friendly female wait staff. The location is ideal for a working owner, as the current owner is semi-absentee and does not actually work as a general manager or bartender at the establishment.
Asking Price $250,000.
This 2,800 sq. ft. facility leases for an amazing $3,200 per month with 4 years remaining on the lease, and at least one five year option. The sale includes all of the assets of the business.
Given the nature of this type of watering hole, this business enjoys the benefits of drawing a loyal local customer base, a small amount of vacationer traffic (Ie: Angel's Games, and Knott's Berry Farm), and groups of evening and weekend revelers.
The current owner does not directly work at the bar, or engage in any form of marketing, advertisements or promotions to draw customers in. A full-time working owner could tremendously reduce wage expenses, while potentially increasing the customer service offering. Periodic promotions, including themed nights, customer contests, etc. could significantly contribute to the bar's profitability.
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