Here’s an opportunity to own a great Neighborhood Bar with Property and a Type 48 Full Liquor License!
This place has an appealing neighborhood bar feel with a comfortable interior and plenty of shaded patio seating. Patrons enjoy its menu of craft cocktails and draft & craft beers on tap which brings in a lot of repeat customers from both the neighborhood and surrounding areas. The bar has a relaxed vibe where conversation is encouraged, but there are entertainment options that appeal to a variety of tastes including flat screen TVs which draw customers for regular games and for big events, an area for skilled bar games, and a space designed for music with dancing and entertainment. The assets include a rare Type 48 Full Liquor license so there is no requirement to serve food.
The bar space is approx. 2500sf with seating for approx. 46 inside + licensed patio with space for another 20 guests. Max occupancy is approx. 140 guests.
The Bar is offered with the Property with a freestanding building. The $750,000 asking price is split $625,000 for the property and $125,000 for the business.
Absentee Cash Flow of approx. $80,000, or for owner/manager Cash Flow approx. $115k, prior to mortgage payment.
The founding owners have enjoyed developing the bar and making connections in the community, but they are consolidating to focus on another business, so the time has come to pass it on to new hands. The next owner could continue the momentum with the current concept of this popular bar, or this could be considered for a ready to go cost-effective conversion for a new concept.
Interested? This is a confidential listing so a Buyer Registration with an NDA is required to receive further details.
We look forward to talking with you about this exciting opportunity!