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Businesses For Sale   >>   Bars and Pubs Businesses For Sale

Remodeled Cocktail Lounge With Abc Type 48

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $96000
Net Profit / Cash Flow  $0
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  2003
Number of Employees  4 - 5
Relocatable  Not Disclosed
Number of Employees  4 - 5
Real Estate  Leased

Description  
Remodeled Cocktail Lounge With Abc Type 48 License $1,300 Mo Rent Lots Of Upside RRC#: 1880 Asking Price: $129,000 Location: On Major Thoroughfare, Alameda County, California Yearly Revenue: $96,000 Yearly Cash Flow: Contact For Info Monthly Rent: $1,300 LISTING DESCRIPTION: There is lots of upside for this business as it is only open 3 days a week and the programming format was similar to another bar the owners own in the area and they didn''t want to compete with one another. If the concept was changed to a different service format this could be a much more successful operation. There is a long bar with granite top with 16 bar stools and a cocktail lounge area with tables and chairs. There is a 3 compartment sink, ice bin, utility sink, 8'' beer box, mop sink, POS system and 6 large screen TV''s. There is also an ice machine rented for $110 month. There is also a pool table which they own and a juke box whose revenue is split with the vendor. There is also a men''s and ladies restroom and office area. GENERAL INFORMATION: Organization: Partnership | Current Owner: 2011 | Seating: 49+ | Square Footage: 1,100 | Parking: Parking lot and street | Licenses Required: Business, ABC Type 48 (hard liquor) | Days Open/Hours: Open only 3 nights week | Reason For Sale: Other Interests | FINANCIAL INFORMATION: Yearly Revenues: $96,000 | LEASE INFORMATION: Monthly Rent: $1,300 | Lease Expiration: 6/30/16 | Yearly Adjustment: 3% | Lease Option: 2 Five Year options | FINANCING INFORMATION:


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