• Listing ID: 1225137
  • (Seller ref: 2479)

Cocktail Sports Bar And Grill In Southern California For Sale


Price Reduced

Location:
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Asking price:
$225,000
Sales revenue:
$343,200
Cash flow:
$70,000
Years established:
1960
Employees:
6 Part Time

No image available

Located in a large Industrial area-Freestanding Building-Lots of local customers-Live Entertainment with Bands and Karaoke-Beautiful Bartenders-Selling price includes all equipment and fixtures-Bar Area-(26) stools at bar counter-(1) bar sink-(1)speed bar-(1)walk in cooler with(5)Taps-(1) sink-(1) New Tec Cash Register-Seating Area-(4) Booths-(6)Tall Tables-(1) ID Scanner-(1) Large Flat Screen TV-(4) Small TV’s-Kitchen (1)Pizza oven three stack-(1) walk in cooler-(3) POOL TABLES-Seller will train buyer for one week at close of escrow-Covenant not to compete 5 miles for 5 years.-A must see business-Seller to carry a note in the amount of $112,500 payable at $1,248.98 a month including 6 % interest for 10 years-Seller wants outside collateral on note.Help Run.


Real Estate:
Lease
Lease terms:
New lease- 5 Years -After 3 Years CPI /Plus 5 Year Option
Leasehold rent:
$50,400 per annum
Location:
Prime high street location
Premises details:
FreeStanding building-Parking for 29 Cars
Size in square feet:
Building 3,000 Square Feet

Support & training:
Seller will train buyer for one week at close of escrow
Reasons for selling:
Retiring
Trading hours:
6am-2am M-F/7am open Sat & Sun
Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:
Seller to carry a note in the amount of $112,500 payable at $1,248.98 a month including 6 % interest for 10 years.Seller wants outside collateral on the note.Help Run.
Furniture / Fixtures value:
$25,000
Inventory / Stock value:
$3,000

For more information about this business for sale, click the Contact Seller button.


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