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Busy Neighborhood Bar for Sale

Details: Asking price:$275,000; Sales revenue:$620,000; Net profit:$125,000; Fixtures value:$20,000; Inventory value:$3,000

Business description: Owner relocating. Very Busy Neighborhood bar for sale. Outside city limits. Smoking allowed. Gross annual sales of $620,000. Low rent. Heart of oil mecca. Corner of very busy intersection. Fully staffed. Easy to run. Will train new owners. Full bar and some food. Will entertain all offers. New deck and $5,000 in renovations just done.

General information: Years established:25; Employees: 9; Trading hours: 11am to 2 am; Real Estate: Lease; Lease terms:Lease has three years remaining @ $2,500 per mo.; Location:Corner of very busy HWY and cross street in Northwest Houston; Expansion potential:Deck can be enclosed for future expansion.; Competition / Market:Well established "regular" customer base. No other bar compares.; Support & training:Will train new owners if needed; Reasons for selling:Owner relocating