Cocktail Lounge For Sale
Location California,United States
Asking Price Range < $250K
Gross Revenues $310800
Net Profit / Cash Flow $78996
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1991
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Description Asking Price: $141,000
Location: On Busy Street, San Leandro, California
Yearly Revenue: $310,800
Yearly Cash Flow: $78,996
Monthly Rent: $2,295
LISTING DESCRIPTION:
A well established neighborhood cocktail lounge on a busy street with lots of exposure and easy access. There is a unique shaped bar with seats 14 and there is a combination of standard tables, bar height tables and chairs which seat up to 72 total. There is a pool table, juke box and 3 TV's one of which is a flat screen TV. Some of the equipment includes as follows: walkin refrigerator, DJ booth, 3 compartment sink, utility sink, hand sink, mop sink, 2 ice bins, 4 door undercounter refrigerator and 3 taps, etc. There is also a parking lot. There is upside for increased sales and profits as the owner works here part time.
GENERAL INFORMATION:
Organization: Corporation | Seating: 72+ | Square Footage: 1,200 approx | Parking: Parking lot and street | Licenses Required: Business, ABC Type 48, Entertainment | Days Open/Hours: 7 / M-Th Noon-2a F-S 10a-2a | Reason For Sale: Other interests.
FINANCIAL INFORMATION:
Yearly Revenues: $310,800 | Yearly Cash Flow: $78,996.
LEASE INFORMATION:
Monthly Rent: $2,295 | Lease Expiration: 7/15/2019.
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