Cocktail Bar - Type 48 License - Low Rent - Limited Competition
| Asking Price: | $525,000 |
| Gross Revenue: | $720,000 |
| Established Year: | 1995 |
| Cash Flow: | $109,000 |
| Inventory: | $7,500 |
Listing # - 5460 NK
This long-established cocktail bar, located in a desirable area with low rent, is now available for purchase. The bar holds a 48 license and benefits from a favorable 10-year lease. It features an inviting outdoor patio, perfect for patrons to enjoy their drinks in a relaxed setting.
The current owner has invested $100,000 in capital improvements, enhancing the overall ambiance and efficiency of the business. Additionally, seller financing is available, making this a great opportunity for potential buyers. The bar operates on short hours, providing a perfect work-life balance.
The facility spans two stories and includes two pool tables, offering ample space for entertainment and social gatherings.
Major Expenses:
Rent: $2,600
Pouring Cost: 27% - $15,000
Labor: $10,500
Utilities: $900
Entertainment: $2,500
Insurance: $450
Don’t miss out on this spacious and well-maintained cocktail bar with great potential for growth!
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