Very Profitable Upscale Bar For Sale In Mobile For Sale

Business description

This is one of the hottest and most talked about upscale bars in all of Mobile! The location is in a desirable area with high traffic count and has little true competition. The cash flow and revenue numbers are a weighted average and are very conservative. In 2009 and 2010 cash flow was closer to $200,000. There has been some major construction on the road in front of the bar. The good news is that there are several new subdivisions being developed nearby and the city is widening the roads in order to accommodate all of these new residence, which will all be potential new customers! In addition, the construction is scheduled to be completed by the end of 2011 so additional revenue and profits should start New Years! They serve food, but it is a smart part of the business. The new owner could increase revenue by expanding the menu. The bar has a loyal following and committed staff. Several members of the staff have worked there since it first opened. They also have one of the most high tech security systems on the market; the owner can watch and monitor the bar right from home! This is as close to a true turnkey opportunity as you can get with owning a well established and fully equipped bar with positive cash flow from your very first day of ownership! Places like this do not come on the market very often so this is one opportunity you can not pass up on and that will not be on the market very long! Owner financing is available. For more information contact Jeremy Hovater at ---.---.---- or email at ---@-------------.---.

Property information

Real Estate:

Lease

Premises details:

4300 sq ft, $4300.00

Business Operation

Reasons for selling:

Family

Other information

Financing available:

Downpayment Required: $0
Financing is Available

Furniture / Fixtures value:

$70,000 (included in the asking price)

Inventory / Stock value:

$5,000 (included in the asking price)