This recently renovated bar and grill has become a popular neighborhood venue for patrons that love to try a variety of craft beers, specialty cocktails, and an eclectic but well curated food selection comprised of comfort foods, salads and more! With its warm ambiance in a relaxed setting, this bar and grill provides the perfect backdrop for lunch, happy hour, casual nights out, social gatherings, or an evening of revelry with friends. The venue’s inviting vibe and varied specialty beer, wine and drink offerings make it a standout destination for those seeking a balance of comfort and sophistication.
- Asking Price:
- $195,000 Furniture / Fixtures included
- Sales Revenue:
- $535,000
- Cash Flow:
- $12,000
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$180,000 per annum
- Premises Details:
-
This 2,311 square foot location leases for $12k per month plus triple net expenses (discounted to $1k/month years 1-3, $1,500/month years 4-5) on a secure lease until 2034. All of the business’s furniture, fixtures, equipment, Type 47 Liquor license and goodwill will be included in the sale. An estimated $10k in inventory will be sold at cost at close in addition to purchase price.
- Size in square feet:
- 3,068
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
New management will want to capitalize on this venue’s recent first class remodel, its versatile layout, street visibility and onsite parking lot, to launch any number of potential concepts that may work in this highly flexible space.
- Competition / Market:
-
Nearby bars and lounges provide a variety of dining and drinking options for those denizens looking to grab a bite or a few drinks. In this competitive environment, this venue’s beer, wine and cocktail selection help it to stand out amongst other options.
- Reasons for selling:
-
Personal
- Years established:
- 2024
Other Information
- Support & training:
-
Seller will train for 1 week at 20hrs per week or as negotiated
- Furniture / Fixtures value:
- $50,000 - included in the asking price
- Inventory / Stock value:
- $10,000
