Riverside Bar Wit Liquor License For Sale
Location California,United States
Asking Price Range < $250K
Gross Revenues $407127
Net Profit / Cash Flow $67682
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2000
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller will provide training for 2 weeks at 20 hours per week.
Reason for Sale Moving out of state.
Description This Riverside bar includes a Type 48 liquor license and entertainment permit, and has been priced for a quick sale. The business is located in a high traffic shopping center with plenty of parking. The bar is fully furnished and boasts a clean build out that provides the look and feel of a classy high-end lounge. The bar is not required to serve food, however it does have a kitchen (no hood) and serves an array of creative dishes. This sale provides a rare opportunity to purchase a well-known, local bar in a good community at a remarkable price.
Asking Price: $125,000
This 1,800 square foot bar leases for $4,630 per month on a lease with 4 years remaining and a 5 year option. All of the businesssƒ?s furniture, fixtures, equipment and Type 48 Liquor License will be included in the sale. Inventory, estimated at less than $7,000, will be sold in addition to the purchase price at cost at close. The facility also includes a walk in cooler and beer coolers with tap lines directly to the bar.
There are few bars in the area, however, none are able to capture the higher-end customer demographic that this business does. It also offers customers convenient freeway access and plenty of parking that draws in crowds from all over the Inland Empire.
This business has plenty of room for revenue growth. The current owner has other business ventures, he has not dedicated himself to aggressively market or promote the bar. A new owner could further promote entertainment, as well as sporting events to include UFC fights, Laker and Clipper basketball games, as well as the upcoming college and professional football seasons since remarkably, the venue is closed on Sundays and does not open until 3 pm all other days!
Click Here To Contact Seller
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