MergerPlace

Bar Lounge

Florida (Pinellas)


  • Asking Price: $650,000
  • Gross Income: $791,873
  • Cash Flow: $243,029
  • Real Estate: Not Disclosed
  • Inventory: $3,500
  • FF&E: $41,500
  • Listing ID: #199007
  • Established: 2002
  • Employees: 7 PT

Business Description

Great opportunity for ownership of a full liquor/lounge located on a highly traveled main thoroughfare with excellent visibility and FANTASTIC LOCATION! Offering lite snacks, games, pool tables, TV's and a huge bar for you enjoyment. Providing nightly entertainment with a spacious dance floor. Many local patrons! Good clean atmosphere located on way to beaches. Seating of 34 at the bar and 40 tableside. Included with sale is a 4COP Quota with package and smoking liquor license. A $200,000 value and financing is available. With the liquor license included, the value of the bar is $650,000 and allows you to earn over $200,000 immediately.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Florida
County: Pinellas

Company Information

Year Established: 2002
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 7 PT

Financial Information

Asking Price: $650,000
Gross Revenue: $791,873
Cash Flow: $243,029
FF&E: $41,500
Inventory: $3,500
Seller Financing Available: Yes

Property Information

Facilities:

This 3500 sq.ft. bar/lounge is located in a fully occupied strip center on a highly traveled main thoroughfare. The lease is transferable with extended terms.

Growth & expansion opportunities:

If the economy continues to grow, potential growth would be phenomenal!

Competition:

Many other establishments in the area offering food and full liquor, but a very limited amount with full liquor, music, dancing and smoking.

Reason for selling:

Retiring.

Support & Training:

Will train for 2 weeks @ no cost. Sales Tax License; Restaurant Food Handlers License; City Occupation License; Liquor License (included)

Contact Business Seller

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Business Listed By:

Dan Bobel

Murphy Business Brokers