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Businesses For Sale   >>   Absentee Businesses For Sale   

Bar Business For Sale

Location  Utah,United States
Asking Price Range  < $250K
Gross Revenues  $314940
Net Profit / Cash Flow  $330672
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  1970
Number of Employees  4 - 5
Relocatable  Not Disclosed
Number of Employees  4 - 5
Real Estate  Leased

Description  
RRC#: 2094 Asking Price: $150,000 Location: East Bay, Union City, California Yearly Revenue: $314,940 Yearly Cash Flow: $330,672 Monthly Rent: $3,500 This absentee run neighborhood bar attracts mostly an older crowd from the surrounding area. It features pool tables, a DJ, lingerie nights, karaoke, live music and more. It is owned by two partners, one who has a full time business the other has moved out of state. It has a great atmosphere and friendly customers. This would be a great opportunity for an owner who could spend more time at the business. NO BROKER COOP GENERAL INFORMATION: Organization: Partnership Year Established: 1970's Current Owner: 2007 Seating: 99 Square Footage: 1,750 Parking: Ample Licenses Required: Type 48, health permit FINANCIAL INFORMATION: Yearly Revenues: $314,940 Yearly Cash Flow: $330,672 LEASE INFORMATION: Monthly Rent: $3,500 Lease Expiration: 12/31/2016 Yearly Adjustment: 700 NNN Security Deposit: 10,000


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