Profile: Money Making Neighborhood Bar - Great History - Great Income On Tax Returns!
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Joe Selling, Broker
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| Primary Phone: |
916-632-9003 |
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| Alternate Phone: |
None Given |
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| DRE Number: |
None Given |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
10/6/09 |
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| Date Last Revised: |
10/26/09 |
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| BizBen Ad #: |
149123 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$275,000 |
| Down Payment: |
SBA Loan |
| Annual Revenue: |
$364,000 |
| Annual Adjusted Net: |
$132,000 |
| Price Range: |
$250,001 to $500,000 |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
No |
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Description:
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Classic Neighborhood Bar That's Been Operating For More Than 30 Years And Is Practically Recession Proof.
This Is A Typical Bar Where Folks Simply Meet, Hang-Out, Talk And Have A Few Drinks. The Business Is Stable; The Bar Is Clean, Neat And In Good Shape; The Restrooms Are Clean, New And Ada Compliant; There Is Plenty Of Parking; And The Building Looks To Be In Good Shape With A Brand New Air Conditioning System.
The Owner Doesn't Work The Bar Per Se, Although He Does Show-Up Betwen Golf Games To Pay The Bills And To Catch-Up With What's Going On.
Besides The Great Bar Business There Are Multiple Revenue Streams With Games And The Atm Machine As Well. The Business Has Solid Tax Returns And History. We Could Get And SBA Loan For The Buyer With Good Credit, 20-30% Down Payment And Bar Experience.
The Adjusted Net Is Outstanding At About 131,000 This Year (2009) With Revenues Only Down 4% Over 2008. This Bar Was Earning 165,000+ Before The Recession. Price Is Only 2.1 Times This Year's Annualized Earnings! Steal It, Please!
Now This Rare Bar Could Be Yours, But Don't Hesitate Because These Places Go Fast Because They're Relatively Easy To Manage.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Joe Selling, Broker at 916-632-9003 |
Business For Sale Photos
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