Neighborhood Pub Real Estate Available For Sale

Business description

This business has been an established neighborhood gathering place for over 30 years. Real estate available in addition to sale of business. Serving a limited menu but with a wide variety of liquor and beer, this operation provides a home away from home for many regular customers. Seating for 160 patrons in a building of approximately 4,185 sq ft. There is plenty of parking on almost ½ acre of real estate. Conveniently located near a secondary freeway and is embedded in a middle to upper middle class working neighborhood. Clientele is a cross–section of the community attracting different patrons during the early morning, afternoon as well as evenings and weekends. Pull-tabs, pool tables, games, karaoke, and televised sports greet customers as they enter the facility. There are 10 employees including the two owners. Hours of operation are from 7 AM until 2 AM daily. The ‘kitchen’ is open from 7 AM until 12 Midnight and has a limited menu after 5PM. NOTE: This property maybe leased or purchased for $900,000 at time of business purchase.

Property information

Lease terms:

The property maybe leased or purchased for $900,000 at time of business purchase

Location:

Located on main thoroughfare with great visibility

Other information

Expansion potential:

Growth potential by expanding menu offerings after 5 PM

Competition / Market:

There are other eateries in the community though this business is a well known and supported neighborhood establishment.

Support & training:

Seller willing to train in transition for a limited period of time from date of closing at no additional cost to buyer.

Reasons for selling:

Retiring to pursue other personal and family interests

Trading hours:

Daily

Financing available:

All cash or possible terms that are acceptable to seller

Furniture / Fixtures value:

$125,000 (included in the asking price)

Inventory / Stock value:

$10,000