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Iconic Pub Great Opportunity And SBA(7a) Prequalified For Sale

California
Asking Price:
$1,260,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,608,368
Cash Flow:
$431,955

This business offers a unique high quality menu, libations, authentic furnishings and customer experience. Popular and lively destination for vacationers and business meetings. It is also located in a high density residential area. This business fills a specific niche and is a highly sought after venue for dinner and entertainment. It enjoys siignficant goodwill within the community due to the authenticity of the offered experience and high quality of the food, spirits and live entertainment. Celebrated by AOL Citywide as "One of the Best Bars", recipient of Guinness Gold Standard Award" as well as area "Best of Awards" for food, beverage and entertainment. It has been spotlighted in various magazines, newspapers and other publications. There is significant opportunity for growth and given the size of facility, fantastic location in a rapidly expanding/ growing community, and authenticity of the customer experience, the gross revenues could increase significantly. This is a unique opportunity for a new owner(s) to enjoy immediate income and to take this well established, highly regarded and iconic business to new heights. Consistent annual revenues in $2M range.

Property information

Premises Details:

This business was founded in 2001 and has consistently achieved gross revenues in the 2M range. It is a iconic venue offering patrons an authentic ambiance, full service meal options, cultural and traditonal spirits, live entertainment and private or semi-private functions. Celebrated
in the community by AOL Citywide as "One of the Best Bars", recipient of Guinness Gold Standard Award" as well as area "Best of Awards" for food,beverage and entertainment in various magazines, newspapers and other publications. Consistent annual revenues in the $2M range.

Business Operation

Expansion Potential:

There is significant opportunity for growth and given the size of facility, fantastic location in a rapidly expanding/ growing community, and authenticity of the customer experience, the gross revenues could increase significantly. This is a unique opportunity for a new owner(s) to enjoy immediate income and to take this well established, highly regarded and iconic business to new heights.

Competition / Market:

This is a destination location for vacationers, business meetings and also a high density residential area. This business fills a specific niche and is a highly sought after venue for dinner and entertainment. It enjoys siignficant goodwill within the community due to the authenticity of the offered experience and high quality of the food, spirits and live entertainment.

Reasons for selling:

other interests

Trading hours:

8am-2am

Employees:
29
Years established:
2001

Other Information

Support & training:

4 weeks

Financing available:

504000.00

Furniture / Fixtures value:
$552,625 - included in the asking price
Inventory / Stock value:
$37,796 - included in the asking price

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