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Advert Ref: 1262

Sports Bar With Club Potential and Type 48 License For Sale

Details: Asking price:$550,000; Sales revenue:$643,000; Net profit:$198,000; Fixtures value:Undisclosed; Inventory value:Undisclosed

Business description: Selling Restaurants presents this well established and rare sports bar with a type 48 hard liquor license in the Sacramento area that is also perfect for a club location too. Its been in business since the early 90's and has an established clientèle. The bar is 100% absentee operated, meaning a working owner can bring their personal touch, beverage and financial management, and marketing and promotion skills to the business and bring far more profit to the bottom-line than the current owner. Pouring costs are in the 35% range. This facility shows well, indicating the owner makes good money. There are solid tax returns available showing plenty of profit to obtain SBA financing with 30% down and with a buyer having at least 5 years in a bar management/ownership position and good credit. There are 2,760 Sq. Ft. inside and about 300 Sq. Ft. of gated outside patio. There is also a kitchen not currently used with a large hood system in place. Seller is not very experienced in this business as this was his first bar, yet he's done a great job running the place absentee but he wants to move on from this type of business to other businesses.

General information: Years established:1993; Employees: 3 full 7 part; Trading hours: 11a-2a daily; Real Estate: Lease; Lease terms:Expires 2/28/2011 plus 5 year option; Expansion potential:Currently absentee run. New working owner could decrease expenses and increase revenue.; Financing available?SBA 30% down