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Popular Bar Business For Sale
Location Louisiana,United States
Asking Price Range < $250K
Gross Revenues $312000
Net Profit / Cash Flow $90000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1941
Number of Employees 6 - 9
Inventory 25000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Available
Reason for Sale Other business interests
Description Established since 1941, this landmark bar business for sale in New Orleans, Louisiana is found in the heart of it all! Bar is in downtown New Orleans, and is a popular nightspot for the nearby diverse neighborhood crowd. The nearby area is up-and-coming with plans by the city to upscale the area over the next 5 years. The current happy hour crowd consists of doctors, nurses, and medical students. Bar has an outdoor bar and 2 patios with seating for about 60 customers.. The roof and electric wiring has been recently redone after Katrina. Inside the bar, there is seating for about 40 patrons, with 2 televisions and 2 projectors TVs for Saints and Hornets games. In addition, there is video poker gaming with a 50/50 split. Owners made approximately $65,000 from video poker in 2012. The bar has a food service permit for limited-service eating.
This popular bar business for sale is found in the major metropolitan city of New Orleans, Louisiana. The city brings in an abundance of tourists and locals at all times of the year, but especially during Mardi Gras and other large events held in the city. Bar is highly visible and easily accessible. The party in this city persists throughout the night, every night, making this business the perfect opportunity for someone seeking the fun and exciting life!
Seller has other business interests and is highly motivated to divest this popular bar business for sale. Seller will train the new owner on this very fun and easy business to own and operate. Seller is open to substantive offers and will seriously consider and promptly respond to all reasonable offers. Come experience the reason for this bar's longevity in New Orleans, imagine yourself in charge, meet the owner, make offer.
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