This neighborhood cocktail lounge offers a vibrant yet laid-back atmosphere where guests can enjoy expertly crafted drinks, cold beer, live entertainment, and a welcoming social scene. The venue features upbeat music, pool tables, karaoke nights, and attentive bartenders that have helped them to build a reputation as a favorite local destination for casual evenings, celebrations, and late-night gatherings. The popular cocktail bar attracts a diverse crowd looking for a fun and comfortable place to unwind, socialize, and enjoy quality drinks at reasonable prices in a non-pretentious setting.
- Asking Price:
- $325,000
- Sales Revenue:
- $600,000
- Cash Flow:
- $108,000
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$97,000 per annum
- Premises Details:
-
This 2k square foot venue leases for $5,500 per month on a lease with 3 years remaining and options to be negotiated in a sale. All of the business’s furniture, fixtures, equipment, Type 48 Liquor License and goodwill will be included in the sale. An estimated $5k in liquor inventory will be sold at cost at close.
- Size in square feet:
- 2,000
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
Its combination of comfortable dive-bar coupled with a karaoke, pool tables, and late-night entertainment appeals to a broad, repeat customer base. New management may drive growth from hosted themed events, an expanded social media presence, or popular local DJs, local influencers or promotors that can draw supplemental crowds. With consistent service, strong branding, and an engaging customer experience, the business is positioned to continue to build on its existing loyal customer base, and stand out as a top local nightlife destination.
- Competition / Market:
-
Nearby competitors include other nightlife spots and cocktail lounges that cater to similar local revelers that are drawn by convenient entertainment offerings, solid drinks, and a welcoming social atmosphere. Competing venues often focus on sporting events that establish a sport-bar oriented atmosphere, while others hope to be considered more upscale lounges. This venue embraces its reputation as a neighborhood favorite dive-bar with an energetic nightlife scene, drink offering, entertainment, and social experiences.
- Reasons for selling:
-
Retirement
- Years established:
- 1987
Other Information
- Support & training:
-
Seller will train for 1 week at 10 hours per week or as negotiated
- Inventory / Stock value:
- $5,000
