Asking Price: $250,000

Gross Revenue: $520,000

Cash Flow: $100,000

Inventory: $7,000 (Not Included in Asking Price)

FF&E: $100,000 (Included in Asking Price)

Seller Financing: The seller will finance this with 50% down and carry paper on the balance for 36 months at 10% interest.

This bar has been in this shopping center for over 20 years. The current configuration was established in the year 2002. The current owner took it over in November of 2007.
They have a D-5, D-6 license. Monday thru Friday they are open from 3:00 PM to 2:30 AM, Saturday & Sunday 12:00 PM to 2:30 AM.
They have 6 Full Time Employees and 6 Part Time Employees. The weekly payroll average is $2,100.00. Their weekly gross sales are $10,000.00 to $11,000.00.
They occupy 4,500 sq. ft. and the occupancy permit has 160. The rent is $4,950 per month. CAM is $540.00, Real Estate Taxes are $629.00 and water is $235.02 totaling $6,354.00 per month. The lease is good thru July of 2012. They have two five year options. The first five year option is $5,200.00 per month for the base rent and the second five year option is $5,416.67 for the base rent.
The asking price for this business is $250,000.00. The seller will finance this with half down and the balance over 36 months at 10% interest.

Year Established: 1988

Employees: 6 full time - 6 part time