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Well-Established Bar/Night Club In Philadelphia County For Sale

Philadelphia, Pennsylvania, US
Asking Price:
$1,100,000
Sales Revenue:
$840,000
Cash Flow:
$250,000

Well-established bar and club for sale.

Includes a liquor license, entertainment license, R liquor license, hookah license, and cabaret license, of which there are only 17 in Philadelphia. The liquor license alone is worth $250,000.

The bar is open seven days a week.

The owner recently converted the dance area into another bar and lounge.

Recently, around $350,000 was spent on improvements. The owner has also recently added 6 poker machines.

The property is being sold for $500,000 directly to the owner. The owner is also considering a partnership.

The building has three floors, which are 6,400 square feet.

Business Operation

Reasons for selling:

Retirement

Employees:
1 FT/4 PT
Years established:
20

Other Information

Support & training:

Seller will train

Furniture / Fixtures value:
$30,000
Inventory / Stock value:
$6,000