MergerPlace

Bar Established for 43 Years Sunnyvale

Sunnyvale, California (Santa Clara)


  • Asking Price: $300,000
  • Gross Income: $363,437
  • Cash Flow: $89,022
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $25,000
  • Listing ID: #201810
  • Established: 1973
  • Employees: 1 FT 2 PT

Business Description

43 Year Old Neighborhood Bar Sunnyvale, CA BTI 8528
This is an older, well established neighborhood bar with a type 48 ABC license. The present owner took over in 1995 after her husband passed away; he had owned it since 1973 at the same location with the same name. The business has a number of revenue streams from the game machines, pool table, ATM, etc. The bar presents an opportunity for a younger more energetic owner to start up a marketing program to attract a wider audience and increase sales.
Sales: $363,437 Adj. Cash Flow: $89,022 For 12 mo ending Dec 2016 from 1040 Sch C Purchase Price: $300,000 Inventory: $5,000 (Included) Employees: FT: 1, PT: 2 Owners: FT: 0, PT: 1
Size (SqFt): 1,700 Rent: $4,496 NNN: $1,015 Rent Increases: 3% Annual Lease Exp: 1/31/2019 Parking: On Site Retail Center


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: California
Metropolitan Area: Sunnyvale
County: Santa Clara

Company Information

Year Established: 1973
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 FT 2 PT

Financial Information

Asking Price: $300,000
Gross Revenue: $363,437
Cash Flow: $89,022
FF&E: $25,000
Inventory: $5,000
Seller Financing Available: No

Property Information

Facilities:

Size (SqFt): 1,700 Rent: $4,496 NNN: $1,015 Rent Increases: 3% Annual Lease Exp: 1/31/2019 Parking: On Site Retail Center

Reason for selling:

Retirement

Support & Training:

2 weeks for 40 hours per week

Contact Business Seller

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Business Listed By:

Michael Floorman

Business Team