Bikini Bar For Sale
Location California,United States
Asking Price Range < $250K
Gross Revenues $250000
Net Profit / Cash Flow $40000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1985
Number of Employees 4 - 5
Inventory 10000
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training 2 weeks at 20 hours/week.
Reason for Sale Personal.
Description This Riverside County bar includes a liquor license, entertainment license permitting live music, DJ's and karaoke, and a bikini and exotic dancing permit. The Type 48 liquor license permits a full bar without the need to serve food. The bikini and exotic dancing permit allows stage shows and bikini dressed servers, however excludes any and all nude or topless dancing. The bar has been established for over 25 years and the current owner has had it for over 15 years and is ready to retire. The bar has maintained a solid track record and has been easily managed on a semi-absentee basis for many years.
Asking Price $125,000.
This approximately 1,000 square foot facility leases for $1,500 per month including CAM expense on a 5 year lease valid through April 2016 with a 5 year option. Additional storage is available for $500 per month. All of the business assets will transfer in the sale including the furniture, fixtures, equipment and liquor license. Inventory will be sold in addition to the asking price at cost at close.
Competition is low as exotic dancing permits are rare and difficult to obtain.
As the seller has owned the business for many years, is semi-absentee, and approaching retirement, this bar could significantly benefit from the energy a new owner could bring in to initiate new marketing programs, entertainment lineup, specials, and more, all leading to increased revenues and profits.
Click Here To Contact Seller
|
|