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If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

Businesses For Sale   >>   Pennsylvania Businesses For Sale Categories   >>   

Landmark Philly Bar

Location  Pennsylvania,United States
Asking Price Range  $250K - $500K
Gross Revenues  $623200
Net Profit / Cash Flow  $193900
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2011
Number of Employees  4 - 5
Relocatable  Not Disclosed
Number of Employees  4 - 5
Real Estate  Leased
Training  Seller will train
Reason for Sale  Personal
Description  Historic downtown live music venue - Green Day - Nirvana - Pearl Jam - Bo Didley - Smashing Pumpkins and other world acts have played here. The venue is currently absentee owned by inexperienced bar operators who inherited the venue in a Real Estate transaction. The three level building has two bars, two stages, a recording studio, and an office in the heart of Philadelphia's South Street district. Owners will transfer the ''R'' liquor license, as asset worth north of $125,000 in its own right. Over $300,000 of verifiable improvements and upgrades including new 40 foot bar, stages, studio and more. Buy this business for its asset value with no value placed on its earnings and operations! The fully renovated $75,000 kitchen and $50,000 recording studio sit idle given the owner's time constraints. Band bookings are outsourced so door admission fees and profits go to this third party booking team at an average of $10 per head on weekends. An experienced owner or operator could produce tens if not hundreds of thousands of dollars in incremental sales immediately
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