Businesses For Sale

Business Type: 
Bar- 48 license
Location: 
Stanton
Asking Price: 
$275,000
Listing #: 
PCBB - 303
Gross Sales: 
$280,000
Cash Flow: 
$60,000+
Summary: 
48 licensed bars are very popular and in demand more than ever. This very well operated Bar has been in business since 1958 and a cocktail bar since 1983. The owner has only been working about 15 hours per week and is selling due to retiring. The staff is very good and has been with the bar for many years. This is a real turn-key opportunity for an existing bar owner or even first time buyer. The lease is good for 4 more years with a 5 year option and rent is only $3,366 per month. The seller has also maintained good book keeping and a new buyer will be able to take advantage of goodwill that the seller has created. Do not miss out on this well-known local favorite in Stanton. The sales increased by about 10% in 2013 and the business are off to a strong start in 2014. The cash flow is based on a full time owner operator since the current payroll is high due to the current owner spending limited time at the business. Update: Sales in 2014 from Jan-March increased by 20% from 2013 and the net has increased by 25% over the same period. Inventory $5,000 - not included Facilities: Located on a bust street in a strip center. The space is 1,750 sq. ft and rent is $3,362 per month (CAM included). Growth and Expansion: A new owner can build the business by adding sports packages and promoting pool leagues and more. Support/Training: Training will be provided Terms: Cash Reason Selling: Retire Year Established: 1958 Employees: 4-part time