Business Summary:
Bar has 33 license, can be either liquor store or bar. Township just sold C Liquor. license for $751k. Sept. of '06 upgraded to 50 seat bar at cost of $150k. Band plays once a month draws 150 patrons w/ up to $5,000/night. Karaoke once a month 100 patrons. Bar does $2,500. Inside tastefully decorated w/ 8 big plasma TVs located throughout. NFL Satellite package, Big Draw. Bar income $403k 80% markup, Food $140k 60% markup. Place does 90% cash 10% charge credit cards. Closest same style bar over 3 miles away on Route 9. Very spacious inside can do many more people on band & karaoke nights. Has room for 200+ patrons. Parking no problem w/ in mall with excess of parking. Owner says band & karaoke shows steady increase of 3-5% monthly. Makes 1.50/pack on cigarettes. Owner has option of increasing shelving to bring in more liquor store items. License & lease can be obtained separately. Projected figures. Open 8 months as bar.
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| Year
Business was Established: 1972 |
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| Number of Employees:
4 FT |
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| Facilities / Terms of Lease:
Brand new everything, completely redone September 06 spacious interior, setting for 50 plenty of area. Located near mall with ample parking 8 years remaining on lease can get options. |
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| Potential
Growth/Expansion:
Present owner, putting monthly band + karaoke nights that have positive effect. Increasing both on a weekly basis has to bring in at least 200,000 bar income at a cost of 20%, plus added revenues for food. |
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| Competition:
Very affluent area no competition in immediate area scarcity of liquor license owner would negotiate for sale of license and lease because their value. |
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| Owner
willing to finance:
All cash no financing |
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| Owner
willing to train:
2 wks |
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| Reason for selling:
Partner dispute |
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Seller Reference Number: 3090VM
BusinessMart.com Listing Number: 19194 |
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