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Businesses For Sale   >>   Bars and Pubs Businesses For Sale

Esblished Cocktail Lounge - Type 48 License

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $384000
Net Profit / Cash Flow  $80400
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  2004
Number of Employees  6 - 9
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Leased

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:


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