Hip Bar Type 48 Liquor License in Revitalized Area

Location: California, United States
Category: Food and Beverage
Type: Established

Financials

Asking Price: $250,000
Cash flow: Not Disclosed
Revenue: Not Disclosed
Gross Income: $100,000
Inventory: $2,000 - Included in the Asking Price
FF&E $30,000 - Included in the Asking Price
Real Estate: Not Disclosed

Business Details

This bar is located in the heart of the business district of a thriving community rich in commercial and residential redevelopment, within a 15 minute drive north of downtown San Diego. The sale includes a clean Type 48 Liquor License and over $75,000 in furniture, fixtures, equipment and build-out. This community has a high demand for upscale lounges and restaurants that can provide customers a relaxing atmosphere.

Facilities:
This 3,000 square foot facility comes equipped with over $150,000 in assets. The monthly lease payment is $8,640, fixed throughout the term, which is valid through November 2007, and includes 2 (1) year options to renew. The landlord will facilitate a long term lease to buyers that ultimately seek to implement a restaurant concept. The facility and the equipment are in good condition.

Financing:
not offered

Support:
2 weeks at 20 hours/wk.

Competition:
Competition is considered medium, as other drinking establishments exist, however this opportunity thrives from excellent potential based on the location s need for a classy neighborhood drinking establishment.

Growth:
Many opportunities for growth exist. Considering the recent redevelopment in the area, a new owner will likely prosper from the increase in traffic and the demand for upscale lounge and restaurant establishments.

General Information

Reason Selling: personal

Number of Employees: 6
Year Established: 2004