Business Summary:
SELLERS ASKING $300,000 DOWN AND WILL CARRY THE BALANCE AT AGREEABLE TERMS. AUTHENTIC TURN-OF-THE-CENTURY SALOON, COMPLETE WITH TIN CEILING, IN GILA COUNTY. LARGEST ADOBE BUILDING IN AZ. AT 11,700 SQUARE FEET ON .33 ACRE. UPGRADES INCLUDE GAS & ELECTRIC LINES, NEW WOODEN FLOORING & RECOATED ROOF. THE TWO STORY BUILDING INCLUDES THE 2500 SQUARE FT. SALOON WITH A KITCHEN, PLUS THREE LEASED COMMERICAL SPACES ON THE GROUND FLOOR. UPSTAIRS THERE ARE 20 BOARDING HOUSE STYLE ROOMS WITH TWO BATHROOMS THAT HAVE ALL BEEN PARTLY RENOVATED. WITH MORE WORK, THESE COULD ALSO BECOME RENTAL PROPERTIES FOR ADDITIONAL INCOME. THE COMMERICAL FRONTS BRING IN $1,000 PER MONTH THUS ADDING $12,000 PER YEAR TO THE CASH FLOW OF THE SALOON TO BRING TOTAL CASH FLOW TO $92,000 PER YEAR. OWNERS HAVE TURNED THIS INTO THE MOST POPULAR "WATERIN HOLE" IN TOWN, AND ALONG WITH GREAT BURGERS AND POPULAR ACTIVITIES(POKER, POOL, KARAOKE, & DJ'S ON VARIOUS NIGHTS). IT IS A GREAT DRAW FOR LOCALS AS WELL AS TOURISTS. THE BUILDING IS LISTED IN THE NATIONAL REGISTER OF HISTORIC PLACES. SALE IS EXTREMELY CONFIDENTAL AND QUALIFIED BUYER NEEDS TO BE WILLING TO SHOW FINANICALS TO SELLERS, PER THEIR REQUEST.
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