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Established Tavern - Bar In Louisville KY For Sale

Louisville, Kentucky, US
Asking Price:
$499,000 Inventory / Stock included
Sales Revenue:
$1,897,877
Cash Flow:
$161,325

This well-established Pub has been around for decades and benefits from spectacular location, proven profitability, and a great reputation! Louisville is famous for more than just the Derby! Its trendy shopping and dinning districts surrounding Old Louisville, The University, Distilleries and Micro-breweries draw tourism year round! This Tavern-style Bar fits right in to the iconic mix that makes Louisville famous. It features a relaxed menu that garners rave google reviews and sits right in the heart of one of Louisville's most fashionable shopping and dinning districts. We cannot disclose the exact location, but think Highlands, Bardstown Road, Cherokee Triangle! It has all the charm of a family friendly neighborhood pub and all the draw of trendy tourist nightlife.

It features indoor and outdoor seating- a loyal staff with long tenures of employment and 5-star google reviews for its affordable and delicious fare. All of this make it a favorite haunt for locals and tourist alike.

If you dream of owning a successful bar or restaurant look no further! Don't waste your future success or hard earned capital on a long-shot start-up! Decades of success, loyal staff, including dedicated managers, turn-key operations and winning location make this opportunity a safe bet for future success.

Property Information

Real Estate:

Lease

Lease Terms:

Lease terms are triple net. Seller owns the associated real estate and will offer several renewal options.

Leasehold Rent:

$180,000 per annum

Location:

Prime location in tourist driven area of Louisville. Nearby Universities, breweries, distilleries and destination shopping

Premises Details:

This turn-key operation is positioned in a prime location w/ Indoor-Outdoor seating It has built a remarkable brand within the community and on tourism sites. The area is famous for arts and entertainment including festivals and live music. Seller owns the real estate and will lease on favorable terms. . Tons of foot traffic in the Cherokee Triangle, Highlands, and Phoenix Hill neighborhoods. These neighborhoods are known for their diverse and vibrant atmospheres, a mix of young professionals, families, and students from nearby universities.

Business Operation

Reasons for selling:

Owner retiring after decades of successful ownership

Employees:
27

Other Information

Support & training:

Owner will train and assist for a minimum of two weeks as part of the purchase price. Seller will cooperate with buyer and assist with transitional liquor licensing.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Business is pre-approved for conventional lending, and Owner will finance a percentage of the purchase price.

Furniture / Fixtures value:
$176,000
Inventory / Stock value:
$35,000 - included in the asking price