Own your dream bar/lounge in solano county.
Annual revenue: $600,000
Annual net cash flow: call/email
Furniture, fixtures & equipment: $100,000 (included in price)
Inventory: $6,000 (not included in price)
The lounge was opened in 1975 and it was originally known to the air force base personnel as the 'watering hole.' it is located in the goldberg shopping center, in the north east part of the city of fairfield in central solano county. The lounge has plenty of entertainment options, including shuffleboard, 8 dartboards and 3 pool tables. Pool and dart leagues play weekly tournaments.
The real estate is available for an additional $350,000. It is composed of two legally, separate, contiguous sites. Both sites measure a total of 5,949 Sq. FT. The property is at a fantastic, high-traffic location across the street from the main gate to travis air force base.
The economy of fairfield historically has been heavily dependent upon travis, which is expected to continue to be an important military installation. Many large companies have moved into solano county during the past several years, including genentech, valero refinery and meyer cookware to name a few.
The city of fairfield, and solano county in general, has experienced steady population and economic growth during the past several years, and this is expected to continue in virtually all sectors of the economy. The strategic location between san francisco and sacramento, extensive transportation networks, readily available and value-priced properties, and proximity to northern california's attractions, make this a prime location for commerce.
Location: city of fairfield, solano county
Facilities: 5,250 Sq. FT. Is currently used for the lounge, office space, inventory, storage and kitchen space.
Competition: there are two other bars situated in the shopping center. Neither has the longevity, reputation or operating hours this lounge offers.
Growth and expansion: there is the opportunity to create a themed bar/lounge experience (i.e. Sports bar). The introduction of live entertainment and/or dining might be worth trying. Effective use of social media marketing would be very beneficial for a new owner. The property has plenty of parking to accommodate growth.
Support/training: the sellers will provide necessary training and help a new owner successfully transition into this business.
Reason for sale: the owners are retiring.
Year established: 1975
Employees: 1ft, 3pt
Financing: the seller may provide some financing for a well-qualified buyer with a substantial down payment.