This popular "dive" bar enjoys an excellent reputation in the area and has become a beloved local hangout. With great food, good drinks, and a perfect atmosphere for live entertainment and games, it has something for everyone. The owner is on-site for only about 10 hours a week, relying on a capable team to manage daily operations. Spanning 2,800 sq ft, the bar offers ample seating while still accommodating entertainment and game nights. It also features an outdoor patio and plenty of parking. This well-established restaurant boasts strong cash flow and offers numerous opportunities for further growth!
- Asking Price:
- $249,500 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $629,794
- Cash Flow:
- $122,979
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
exp 2027 an 5 years options available.
- Leasehold Rent:
-
$64,940 per annum
- Location:
-
A great location at a major intersection, plenty of parking, outdoor seating and plenty of space for entertainment and games on the inside.
- Size in square feet:
- 2,820
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
Add in additional menu items, add in breakfast, brunch and do some advertising add in live music
- Competition / Market:
-
Only dive bar in the general area
- Reasons for selling:
-
Other business opportunities
- Trading hours:
-
12pm - 2 am
- Employees:
- 12
- Years established:
- 2017
Other Information
- Support & training:
-
2 weeks
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
75k in Seller Financing
- Furniture / Fixtures value:
- $35,000 - included in the asking price
- Inventory / Stock value:
- $1,500 - included in the asking price
