100% Absentee Operated Bar / 4COP

Asking Price$475,000

Cash Flow
$61,326

EBITDA$61,326

Gross Revenue$366,643

Inventory$12,000
Included in asking price
FF&E$25,000
Included in asking price
Real EstateNot Disclosed

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100% Absentee Operated Bar / 4COP


Asking Price$475,000

Cash Flow
$61,326

EBITDA$61,326

Gross Revenue$366,643

Inventory$12,000
Included in asking price
FF&E$25,000
Included in asking price
Real EstateNot Disclosed

Business Description
20-year lease, 4-5 year options, option 1 just renewed, so 14+ years left, and a back out clause never heard of in favor of tenant.

100% ABSENTEE OPERATED BAR/4COP. All buyers must provide proof of funds and background info along with a signed NDA. This is a golden opportunity for someone looking to get into the very profitable "BAR" business. Established in 2020 during the pandemic and despite all those obstacles has developed a loyal clientele. With many amusements to keep patrons busy while they’re drinking: pool table, Juke Box, Darts, and other arcade games, these are leased machines at a 50/50 split. Limited food to keep it simple. The most coveted liquor license, the 4COP quota license, allowing full liquor & package sales and smoking inside. The establishment was formerly another bar, and this entrepreneur gutted it and started from scratch; a lot of money was spent on building it out. Many growth opportunities for a new owner: add a daily social media platform, website, Live Entertainment, additional food options, etc. It's a BAR, so the numbers are the numbers, see them as you will. The big thing here is this is 100% turnkey, and with an owner operator in place, the numbers will change quickly. Call today, this one will not last long. 100% CASH deal only. Manager works 6-8 hours a week, just to pick up money deposits. The owner orders the liquor. 2021 & 2022 Financials show overpayment on general liability insurance, and Other Amount is Amortization non-cash tax deduction. 2023 does not show the depreciation & interest expense. The 4-COP Quota liquor license value to date approximately $350,000 is fully transferable to anywhere within the county.
About the Business
Years in Operation
11
Number of Employees
4
Facilities & Assets
Lease/Month: $4,227. Square Footage: 1,600. Building Type: End Cap Small Plaza. Terms & Options: 5 years with 3-5 year option. Expiration Date: 6/30/2025. Leasehold: $75,000.
About the Sale
Transition Support
Seller will train buyer for one week at no cost to buyer.
Listing Info
ID
2199972
Listing Views
2411

Contact Seller

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Business Listed by: Bob Leone Acquisition Experts, LLC

Listing ID: 2199972 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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