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Cantina Type 42 Bar With Pool Tables
Location California,United States
Asking Price Range < $250K
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1973
Number of Employees 1 - 3
Inventory 1000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training As needed.
Reason for Sale Seller moved far away, difficult to manage a bar remotely.
Description Asset Sale Only ~ Seller has not managed directly for the past 2 years. Perfect owner-operator opportunity for someone to buy a primarily locals bar with 2 pool tables that generate about $100 per week in additional income. Current owner lives about 2 hours away and only visits monthly to pick up pool table proceeds, entirely being run by the manager on site. When the owner was an active owner operator, grossed $20-$25k per month consistently. Unclear what the current sales are at this time, as the current manager balances the checkbook and the owner is not involved in the expenses or profits. Currently only doing bottles for beer sales, a new owner should implement a sophisticated beer tap system in the walk-in cooler to improve profit margins. NDA is required for exact business address and to visit the premises AS A CUSTOMER ONLY! DO NOT TALK TO EMPLOYEES OR CUSTOMERS!
Facilities:
1,500 square foot cantina, alcohol only, no food is served on premise.
Competition/Market Pros and Cons:
This is in a great location, has a loyal following within the community.
Growth and Expansion Pros and Cons:
Bar is completely absentee owned at this time and is being run by a manager.
Support/Training:
As needed.
Reasons for Selling:
Seller moved far away, difficult to manage a bar remotely.
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