This cozy and intimate lounge offers a relaxed environment for those seeking a low-key night out in the city. With its soft lighting, comfortable seating, and warm atmosphere, it's an ideal spot to unwind with friends or enjoy a drink. The bar serves a wide variety of craft cocktails, premium spirits, and wines, along with a selection of light bites and appetizers. Guests appreciate the friendly staff and personalized service, making it a great find for those seeking a higher-end neighborhood bar experience.
- Asking Price:
- $525,000 Furniture / Fixtures included
- Sales Revenue:
- $642,190
- Cash Flow:
- $133,888
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
This 2,065 square foot location leases for $10,300 per month including common area maintenance expense on a lease until April 2025 with options to be determined. All of this venue’s furniture, fixtures, equipment, goodwill and Type 48 Liquor License will be included in the sale. An estimated $5,000 in inventory will be sold at cost at close.
- Size in square feet:
- 2,065
Business Operation
- Expansion Potential:
-
This venue can benefit from a full-time working owner-operator with bartending and hospitality industry experience that can help to ensure stellar customer service while minimizing labor expenses. Management does outsource functions that may be taken in-house with enormous expense savings.
- Competition / Market:
-
The area is filled with a mix of trendy eateries, classic diners, and upscale gastropubs, each striving to carve out a niche. This venue is able to leverage its busy neighborhood location to cater to its loyal local following.
- Reasons for selling:
-
Personal
- Employees:
- 3
- Years established:
- 2015
Other Information
- Support & training:
-
Seller will train for 2 weeks at 20hrs per week or as negotiated.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Seller will carry a small, secured carry to a creditworthy buyer with sufficient experience to facilitate an SBA or conventional loan, based on the overall offer.
- Furniture / Fixtures value:
- $30,000 - included in the asking price
- Inventory / Stock value:
- $5,000
