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Businesses For Sale   >>   Bars and Pubs Businesses For Sale

Tavern / Lottery / Real Estate / Rentals

Location  United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $503856
Net Profit / Cash Flow  $65395
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1997
Number of Employees  6 - 9
Inventory  2000
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Owned
Training  As needed for a smooth transition.
Reason for Sale  Retirement.

Description  
Asking Price: $550,000 with Real Estate ($450,000) Summary: Classic neighborhood bar, asking price includes real estate, $450,000, with one commercial and three apartments rentals, liquor license, lottery business. This is a long established institution in town. Heavily patronized due to inexpensive drink prices. There is income from Keno of about $20,000/annually. Owner does not work the business but oversees the operation, providing maintenance and cleaning. Great cash business. Facilities: Large 2 story brick building with ample parking. Almost 9,000 sq. ft. First floor is the tavern and one commercial rental space. Second floor is 3 residential rental units. Interior and exterior are in good condition. Prime real estate location. Growth/Opportunity: This business needs an owner/operator. Sale can be increased by increasing prices, eliminating shrinkage and adding food service. There is a space for a kitchen next to the bar. This is an excellent cash business.


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