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Well-established Bar And Night Club In Philadelphia County For Sale

Philadelphia, Pennsylvania, US
Asking Price:
$1,100,000
Sales Revenue:
$840,000
Cash Flow:
$250,000

Well-established bar and club for sale.

Includes liquor license, entertainment license, R liquor license, hookah license, and cabaret license, of which there are only 17 in Philadelphia. The Liquor License alone is worth 250,000.

The bar is open seven days.

The owner recently converted the dance area into another bar and lounge.

Recently around $350,000 was spent on improvements. The owner has also recently added 6 poker machines.

The property is being sold for $500,000 directly from the owner. The owner is also considering a partnership.

The building has three floors, which are 6,400 square feet.

Business Operation

Reasons for selling:

Retirement

Employees:
1 FT/4 PT
Years established:
20

Other Information

Support & training:

Seller will train

Furniture / Fixtures value:
$30,000
Inventory / Stock value:
$6,000