Historical Bar in Downtown Saratoga with Real Estate
Asking Price: | $250,000 |
Real Estate: | $1,799,000 |
Inventory: | $2,500 |
Established Year: | 1970 |
This offering for one of the oldest bars in the area is a once in a lifetime opportunity. The details are as follows for the business, information regarding the real estate available as a separate summary.
• Original antique hand carved wood bar back with mirror and refrigeration
• Single well
• 4 tap beer cooler and tap (full asset list will be provided in the business memorandum)
• Newly upgraded electrical panel, HVAC unit, and water heater
• Antique chandeliers located on high wood beam ceilings
• Two bathrooms (not ADA compliant)
• Has former kitchen, extensive upgrades will need to be made to re-introduce, vent still in place
• Back section of building is newer and can be modified or additional floors added
• Historical building in the front, preservation requirements present
• Stand-alone building in line with many restaurants and night life
• Sales cycle is stronger during concert and wedding seasons
• Cash business (records not verified by agent/broker)
• Rough capacity 30 seats between bar, tables and 2 booths, plus a new back-room seating area
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