#6 Busy Bar on a Busy Road with A Great Lease and Space!!!

, Arizona 6 views 0 favorites

Financial Highlights
Asking Price
$350,000
Revenue
$420,000
Business Description

If you are looking for your Dream Neighborhood Sports Bar you always wanted look no further if you are looking for a great sports bar with a lot of history and great patronage and tons of potential for more revenue if the new owner operates. The bar is a stand-alone building with ample parking in the front, side and back of the building and a pool table, TVs, and other bar games. Also boasts a climate controlled smoking room inside that the patrons love. The rent currently is $4000 for a 4070 sq. ft. bar with 5 years left on the first terms and three 5 year options. The current owner is somewhat semi-absentee and currently making $8,000 net a month. If you ran it yourself the potential of making around $10,000+ net is not an unreasonable accomplishment. This bar also hold a #6 liquor license so no need to worry about food sales and has a market value of about $150,000 right now that is included in the price. The revenue from just the bar sales are $35,000, there is other sources of income such as the games and lottery. The seller. is also offering amazing seller financing terms with $200,000 down the owner will carry $150,000 for 3 years at 7%. Hurry up these kind of bars will go quick. Location: Glendale, Arizona Number of Employees: 5FT/1PT Facilities: 4070 Sq.ft. Stand-Alone building with frontage to a busy street. Market Outlook/ Competition: This is a very well established bar with solid group of patronage. Its hard to compete with that. Growth & Expansion: Run it yourself to make more net and put more attention to it to increase revenues.

Business Details
Industry:
Restaurants & Food
Real Estate Included:
No
About the Seller
AU
Admin User
6498
Active Listings
New
Member Since

Listed: Apr 20, 2022

Updated: 13 hours ago

Views: 6

Favorites: 0