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BUSINESSES FOR SALE

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Businesses For Sale   >>   Utah Businesses For Sale Categories   >>   

Bar / Social Club For Sale

Location  Utah,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $182928
Net Profit / Cash Flow  $48628
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1993
Number of Employees  4 - 5
Inventory  8000
Relocatable  No
Number of Employees  4 - 5
Real Estate  Owned
Training  Negotiable as needed
Reason for Sale  Retirement
Description  This well-established 20 year old social club is located in a very robust retail area in Davis County, Utah. The 2,640 square foot building was built in 1993 on a 1.02 acre piece of property. The building appears to be in good repair and has a fully equipped kitchen and coolers for food and beer. All of the equipment is owned by the seller including the pool tables. All the equipment goes with the sale except the seller's personal property. The business is open from Noon to 1 AM Monday through Saturday and closed Sundays. A new owner should consider opening on Sundays. This is an outstanding opportunity for the right qualified buyer. The seller is offering to finance the sale of the real estate and the business for 25 years with a down payment of 15% with interest of 6.0%. The financials show annual rent/debt service of $41,074 ($3,433 per month) to cover those payments. The buyer will have to apply with the DABC and meet all of their requirements in order to get the social club license. Asking price is $625,000 including real estate valued at $475,000.
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