Profitable Bar - Type 48 License - SBA Financing
Santa Cruz County, CA
Sale Pending
| Asking Price: | $969,000 |
| Gross Revenue: | $1,040,500 |
| Rent: | $10,456/Month |
| Cash Flow: | $409,196 |
| Inventory: | $15,000 |
| Established Year: | 1972 |
Listing ID: 2280657Listing provided by BizBuySell
BUSINESS DESCRIPTION
This very popular Santa Cruz County bar has been established for over fifty years and has
developed a loyal clientele both from its neighborhood and surrounding communities. It has no
food service, but patrons can order food from nearby restaurants. It has several wall-mounted
TV’s showing sporting events, an internet jukebox and a pool table. There is no live music or
karaoke. The owner runs the business with eleven part-time bartenders. The bar has a seating
capacity of 65 and there are twelve years left on the current lease, but the landlord will give a
longer lease to a qualified buyer. The business has been pre-approved for up to 85% SBA financing.
DETAILED INFORMATION
Location
Santa Cruz County, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,800
Lease Expiration
30/09/2036
Employees
11
Support & Training
Four weeks @ 20 hours a week
Reason for Selling
Looking for a new opportunity outside of the area
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