Business Summary:
This large bar has a very successful multi-year track record. The revenue and profits have been growing each year. And even in 2009, the numbers are holding up which validates the bar’s concept and loyal customer base.
There is limited food service which could be expanded to further increase profits. The lease is extremely attractive and contains options for up to 15 years. The seller is committed to a seamless transition and will fully train a new owner in all aspects of the business.
An owner-operator of this business could reasonably expect to make a net cash flow of over $160,000 per year with current volume. And this doesn’t take into account any growth plans. You could take out $60,000 to live on and pay for the business in 5 years. An SBA bank lender has said they would be willing to finance this opportunity for the right person with experience and a 20% down payment.
For additional details on acquiring this opportunity, please call or email William Bruce at (251) 990-5910 or WilliamBruce@bellsouth.net. The standard confidentiality agreement and personal financial statement are required before disclosure.
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